News Headlines Article

California’s 3 largest health insurers among few to show Obamacare profit in 2014
Los Angeles Times

California’s biggest health insurers are among a select few to show a profit selling Obamacare policies.

In the first year of the massive coverage expansion, California’s three largest health insurers bucked the national trend of heavy losses and accounted for half of the gains reported under the Affordable Care Act in 2014.

Blue Shield of California led the country with $107 million in profit on Obamacare policies sold to individuals. Kaiser Permanente was second with $66 million, and Anthem Blue Cross ranked seventh nationally with a $9-million surplus in the Covered California exchange.