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.