Insurers Move Back to Obamacare as Millions Lose Jobs

Insurers Move Back to Obamacare as Millions Lose Jobs
(AP Photo/Elise Amendola, File)

Health insurers fled the Affordable Care Act in the early years of the law, fearing that losses from covering too many sick people would eat away at their profits.

Now the insurers increasingly view Obamacare as a boon while job-based health coverage faces its biggest threat yet in a crashing economy.

With tens of millions of people losing their jobs — and their health benefits — along with major cuts to Medicaid, the insurers see stability and the promise of enough healthy enrollees in a marketplace that offers government subsidized private insurance to millions of Americans during a pandemic.

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