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Did i read correctly... they lost $571 Million in 2021 ???
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Or, you can blame Biden for ARPA law that now gives tax credits to families making 200k, hence record enrollment.
If you know how the world beside the USA is functioning, you probably will understand this.We’re basically selling a free or almost free product the govt’s subsidizing in both aca and mapd . I read 85% of insured paying $10 or less a month for aca . Let the subsidies fall big and we’ll see how many families will pay $700-$1000 for this . All this is a great gravy train for now . I’ll ride it till the wheels fall off . But I definitely don’t think it’s a business I’ll be able to pass down to my kids . The cost to the govt in both aca and mapd is sky rocketing .
Venezuela styleI love free money!
Yes will that effect next open enrollment with Oscar ? Will CO’s like Ambetter see this as an opening and lower commissions next yr ? I always get nervous when the govt involved in aca and mapd and it’s basically free . Means commissions can be lowered or eliminated. That’s why I continue selling a lot of life ins .