"$1 Trillion In Revenue At Stake For Health Insurers If Obamacare Is Overturned"
Health insurers could lose roughly $1 trillion in new revenue through 2020 if the Supreme Court overturns the Affordable Care Act, according to a new study by Bloomberg Government. The figure equals “about 9 percent of the insurance industry’s total revenue from 2013 to 2020,” or roughly “one-half percent of the nation’s estimated gross domestic product from 2013 to 2020.” The $1 trillion in new revenue would be generated by the law’s projected expansion of insurance coverage to 32 million Americans by 2016. Presumptive Republican nominee Mitt Romney has stated that he will seek to repeal the law if he is elected. — Fatima Najiy