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The ACA: Bad for American Business? October 4, 2013

Posted by Admin in Health Insurance, Money.
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There are allegations that the Affordable Care Act is bad for American businesses. The key questions are  more nuanced – which ones and when?  The ACA will prove to be disruptive, says  former insurance executive Wendell Potter.  But the last 4 years have been good for people holding insurance stocks on their retirement plans and mutual funds. According to a report shared across the country by the AP, 5 major health insurance companies have benefitted greatly since the recession and with the prospect of millions of new customers. For example:

The good news: CIGNA stock up 477% since 3/9/2009 (as reported by the AP-not a solicitation to buy or sell shares). For comparison, the Standard and Poor’s 500 index was up 151% in the same time period.

The bad news: According to Wendell Potter (formerly of CIGNA), this may not continue as the exchanges alter the traditional insurance marketplace.

English: Wendell Potter in 2010

English: Wendell Potter in 2010 (Photo credit: Wikipedia)

And what if the American public benefits as a whole because of fewer ER room visits, with more people insured and using preventive care?

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