On the Road to Recovery: Health Insurers’ 2016 Financial Performance in the Individual Market

The Affordable Care Act (ACA) reforms to the individual health insurance market made it possible for millions of people who previously could not qualify for or afford insurance to gain coverage. But health insurers struggled to gain their footing in this newly reformed market. Previous research by us and others (at McKinsey and Kaiser Family Foundation) has shown that insurers underpriced their policies in 2014 and 2015, the first two years of market reforms,...