There’s a joke among insurers that there are two things that health insurance companies hate to do – take risks and pay claims. But, of course, these are the essence of their business!
My outlook for 2017 and beyond is that the U.S. economy will likely see another recession.
Yes, the economic picture currently looks wonderful. The Dow and S&P 500 are at record levels. Unemployment is well below 5 percent of the labor force. Inflation is still tame. The U.S. dollar is strong.
The Affordable Care Act (ACA), also known as Obamacare, came closer to repeal as the U.S.Senate and House on January 12, 2017 passed a “budget reconciliation” order to launch a formal legislative process that may lead to substantial repeal. Or maybe not.