‘Big 5’ Insurers Depend Heavily On Medicare, Medicaid Business
Even as they’ve retreated from the Affordable Care Act exchanges, the country’s biggest for-profit health insurers have become increasingly dependent on Medicare and Medicaid for both profits and growth. In fact, Medicare and Medicaid accounted for 59% of the revenues of the “big five” U.S. commercial health insurers in 2016, according to a new Health Affairs study.
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