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Myth Busting: Insurers Hate Obamacare

A common misconception is that the Patient Protection and Affordable Care Act, also known as Obamacare, is bad for the health-insurance business. In reality, however, Obamacare is a pretty good deal for health insurers. In this video, Motley Fool health-care analyst David Williamson takes a good look at health insurers, and the Obamacare enrollment numbers that would need to take place for this to be financially beneficial. He also focuses on customer mix and looks at how many young, healthy people need to enroll in order to benefit insurers, and how likely it is that that customer mix ratio will happen.

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Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

  • Report this Comment On January 19, 2014, at 6:09 AM, TerryFlowers wrote:

    When will we wake up and realize that we are paying far too much for far too little when it comes to our healthcare in the wonderful nation of ours? In the U.S.A. we pay 2.5 times per capita for our healthcare than any other developed nation. We also compare quite unfavorably when it comes to outcomes. We are the only developed nation that does not have some form of government financing for healthcare for everyone.

    HR 676 would reduce our per capita cost of healthcare and provide healthcare financing for every man, woman and child in the nation. No more copays, no more insurance premiums, no more deductibles, no more out of pocket medical expenses. The additional tax that would be required to pay for this would be less than the cost that would be eliminated. The vast majority of Americans would be dollars ahead and everyone would be ahead in regard to their access to healthcare.

    Don't take my word for it. Visit the web sites of Healthcare-Now, Physicians for a National Health Plan, and others. We can do better ... much better!

  • Report this Comment On January 19, 2014, at 6:11 AM, TerryFlowers wrote:

    The insurance industry really hates HR 676. Obamacare is a financial boon to them. As more and more people qualify for subsidies from the government for help in paying the insurance premiums they stand to gain a tremendous amount.

    HR 676 would save all of us the billions of dollars that that industry diverts from paying for our medical needs.

  • Report this Comment On January 19, 2014, at 6:17 AM, Mathman6577 wrote:

    Government action shouldn't be implemented to benefit one industry or one group of people. While some companies will benefit overall society will not.

  • Report this Comment On January 19, 2014, at 10:49 AM, TakingUpSpace wrote:

    Of course insurers love it. They are highly rewarded by the group that prior to Obamacare hated insurance companies the most.

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David Williamson

The Motley Fool's Healthcare Analyst, I specialize in Pharma, Biotech, and how the ACA (Obamacare) is changing the business of healthcare in America. Follow me on Twitter for breaking stock news, policy thoughts, and misc musings...

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