Update on what will likely be one of the biggest gifts ever to private corporations brought to you by a Democratic administration:
One of the nation’s biggest health insurers, WellPoint Inc., got a lift after reporting fourth-quarter earnings Wednesday ...
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WellPoint said it now expects 1 million new customers this year.
Goldman Sachs analyst Matthew Borsch said in a note to clients that the company reported during its analyst conference call that 500,000 applications have come through for Affordable Care Act products, and it expects a burst of applications between now and the enrollment deadline of March 31. In many states, WellPoint is the largest insurer offering products on health exchanges.
“Of the applicants, [WellPoint] stated that about 80% were not previously insured by [the company], so this is real growth,” Borsch said.
WellPoint shares were up 2% to $86.03 in recent action.
That's showing those health insurers. And they are just getting started. The ACA has guaranteed that we will have a private health insurance system in this country for generations.