Opinion: The Supreme Court just restored another piece of Obamacare — years too late

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Opinion: The Supreme Court just restored another piece of Obamacare — years too late
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The Supreme Court just restored another piece of Obamacare — years too late (via latimesopinion)

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But as an industry, insurers underestimated just how much care their new customers would need, while also fighting for market share by underpricing some of their competitors. That was a good thing for consumers, by the way, because the ACA required policies to be more comprehensive, and thus more expensive, than the coverage people had been buying previously. As a result, far more companies paid out excessive amounts in claims than collected excessive amounts in premiums.

the following year in his campaign for president. That, folks, is a bait and switch of the first order. Similar riders were inserted the following two years, sticking insurers with about $9.5 billion in additional losses.Those losses proved fatal to some of the new approaches to health insurance that the ACA inspired, to the detriment of us all.

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