Two new federal programs that are supposed to protect health insurers against upheaval related tothe Patient Protection and Affordable Care Act may do more for themarket giants than for smaller, newer players.

This possibility emerges from a LifeHealthPro.com analysis of agiant batch of PPACA reinsurance and PPACA risk-adjustment programdata that the Centers for Medicare & Medicaid Servicesreleased June 30.

The risk-adjustment program is supposed to shift cash fromhealth insurers that have low-risk enrollees in PPACA-compliant individual and small-groupplans to insurers with high-risk enrollees.

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Allison Bell

Allison Bell, a senior reporter at ThinkAdvisor and BenefitsPRO, previously was an associate editor at National Underwriter Life & Health. She has a bachelor's degree in economics from Washington University in St. Louis and a master's degree in journalism from the Medill School of Journalism at Northwestern University. She can be reached through X at @Think_Allison.