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Affordable Care Act becoming profitable for insurers

Staff Writer |
The percentage of U.S. adults who don't have healthcare insurance rose to 11.7 percent in the second quarter of 2017.

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This is a 0.4 percentage increase from the end of 2016, according to a survey by Gallup and Sharecare.

The second-quarter results are based on 45,087 interviews with U.S. adults 18 and older from April 1 to June 30.

Gallup and Sharecare have asked at least 500 U.S. adults each day since January 2008 whether they have health insurance.

In another study, also released Monday, Kaiser Family Foundation concluded the Affordable Care Act exchange markets are "stabilizing" and it's becoming profitable for insurers.

In the Gallup study, the uninsured rate reached a record low of 10.9 percent in the last two quarters of 2016.

It reached a peak of 18.8 percent in the third quarter of 2013, which is right before the healthcare exchanges opened in October.

In 2014, the ACA's individual mandate required Americans to obtain coverage or pay a tax penalty.

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