First few Article Sentences
Fifteen of the largest domestic health plans in Washington State recently filed financial reports for the twelve months ended December 31, 2014 with only five reporting higher net income than the same period in 2013 and seven reporting a net loss.
The 2014 figures represent the first twelve months of financial results associated with full implementation of the Affordable Care Act (ACA).
Plan representatives cited the ACA and and its impact on the Washington State health insurance market as the primary reason for significant membership changes and volatile financials.