Issuers Hit Back On WH Report On Industry Profitability

The White House Council of Economic Advisors (CEA) issued a report Wednesday (March 21) finding that despite losses in the initial years after the Affordable Care Act's key coverage expansions went live, health insurers' profitably is rising -- largely due to increased premiums and Medicaid payments funded by the government. Issuers point out their margins are still low compared to other health care sectors, and also argue industry wants to be able to offer more affordable products but has been...