Insurers have had mixed success with the state marketplaces created by the Patient Protection and Affordable Care Act, with some non-profit co-ops collapsing due to insufficient premium revenue and some for-profits insisting that they need to dramatically raise premiums to account for higher-than-expected claims.
But there's another big place for insurers to make money: Medicaid.
A new report by Strategy&, a division of consulting giant PricewaterhouseCoopers, finds that the federally-funded expansion of Medicaid that many states embraced under PPACA boosted enrollment in private insurance plans by 7.8 million.
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