(Newswire.net — February 9, 2018) — Affordable Care Act providers are expecting increased profits as the healthcare markets are becoming more stable. Irving, TX health insurance consumers can expect to see more economical options.
Irving health insurance prospects look much brighter as health insurers are forecasting improved profits and stability in the marketplace for 2018. Insurers covering cities such as Irving, Texas also have stated plans to expand Obamacare for 2019. Given the uncertainty the health insurance industry has experienced in the last couple of years, many are welcoming the positive news.
These projections all come as President Trump has in effect called off his administration’s effort to repeal the Affordable Care Act (ACA). During President Trump’s first State of the Union on January 30, 2018, he only referenced Obamacare once and did not ask for Congress assistance to repeal the ACA. Many health insurance analysts believe this could signal a more stable environment for healthcare to flourish. In fact, large healthcare insurers such as Cigna and Anthem have stated they are already seeing financial upswings in business.
When Aetna and UnitedHealth Group left various ACA exchanges markets, Cigna picked up many of these customers who were looking for insurance, while realizing revenue increases. Cigna experienced a 77% increase in ACA public exchange enrollees in 2017. Anthem, another prominent provider that serves Irving health insurance consumers, has plans to return to numerous Obamacare markets it had previously departed. In the next couple of weeks, other insurers that offer ACA-related products will be reporting 2017 earnings and 2018 projections. Analysts expect to see positive financial momentum.
Proponents of the ACA have long argued that price stability and improved competition would provide quality, cost-effective healthcare for Americans in the long-term. If these financial projections are any indication, they could very well be correct.
Rick Thornton, an Irving health insurance agent, is optimistic on the future of the ACA. “If our government and private businesses can truly be partners in providing great healthcare to consumers, Irving residents will see a huge burden alleviated in their lives”.
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