Quick Read: Obamacare Repeal Would Cost Insurers $1 trillion
Bloomberg Government took a look at what happens if the Supreme Court strikes down the Affordable Care Act. Insurance companies would lose $1 trillion in revenue — more than the annual revenue of the five largest American banks. And of that revenue, $175 billion is profit.
Next month, America’s health insurance plans may lose $1 trillion in revenue. It won’t have anything to do with a business deal gone awry, or Americans dropping health coverage during the recession. Instead, $1 trillion is the amount of revenue that health insurance plans can expect to lose if the Supreme Court overturns the Affordable Care Act.
Lisa Aliferis is the founding editor of KQED's State of Health blog. Since 2011, she's been writing stories and editing them for the site. Before taking up blogging, she toiled for many years producing health stories for television, including Dateline NBC and San Francisco's CBS affiliate, KPIX-TV. She also wrote up a handy guide to the Affordable Care Act, especially for Californians. You can follow her on Twitter: @laliferisView all posts by Lisa Aliferis →