Blue Cross Blue Shield insurers operating in the Affordable Care Act individual market will get close to break-even margins in 2017, according to a report from Standard & Poor’s Global Market Intelligence.

Obamacare’s individual market is fragile and needs about five years to stabilize since its inception in 2014, the report says. This means insurers in this market will likely not hit target profitability until 2018.

“After starting on the wrong foot in 2014, and deteriorating further in 2015, we are seeing the first signs in 2016 that this market could be manageable for most health insurers,” the report said. “But it isn’t on stable footing either.”

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