Obamacare Market Grows Stronger Despite Trump’s Legal Assault

Even with a potentially devastating court case hanging over the Affordable Care Act, health insurers say they are expanding coverage options to new markets thanks to an improving financial performance.

Oscar Health, which made its name as a startup focused on providing Obamacare coverage, last week was the latest health insurer to announce improving profits and future expansion of health benefits under the ACA in 2020 and beyond.

“Oscar is committed to expanding our footprint so we can offer our tech-driven, consumer-facing health insurance to more people across the country,” Oscar said after the insurer reported its enrollment grew to 255,000 while its underwriting profit increased nearly 5% to $81.7 million in the first quarter of this year.