Insurers Figured Out How to Make a Profit From Obamacare Last Year

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After years of losses, the U.S. health insurance industry figured out how make money from Obamacare last year, a new analysis shows. The secret? Raising their prices. The average cost of health insurance plans sold in the individual market climbed about 22 percent in 2017, as insurers boosted premiums well above what they spent on medical care. That left many in a profitable position for the first time since the Affordable Care Act went into effect, according to a Kaiser Family Foundation report released Thursday.