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While insurers have complained that participating in the Patient Protection and Affordable Care Act (PPACA) individual marketplace has largely been an unprofitable endeavor, we’ve heard far fewer complaints from them about the PPACA’s dramatic expansion of Medicaid, which has turned out to be a major business opportunity for the biggest players in the insurance industry.

According to an analysis by Fitch Ratings, the expansion of Medicaid led to a 34 percent growth in Medicaid-related revenue for the insurance industry in 2014, the first full year of the PPACA.

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Jack Craver


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