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1 Million in Obamacare to Lose Plans as Insurers Quit...

MickeyW

MickeyW

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A growing number of people in Obamacare are finding out their health insurance plans will disappear from the program next year, forcing them to find new coverage even as options shrink and prices rise.
At least 1.4 million people in 32 states will lose the Obamacare plan they have now, according to state officials contacted by Bloomberg. That’s largely caused by Aetna Inc., UnitedHealth Group Inc. and some state or regional insurers quitting the law’s markets for individual coverage.
More Than 1 Million to Lose Obamacare Plans as Insurers Quit - Bloomberg
 
MickeyW said:
A growing number of people in Obamacare are finding out their health insurance plans will disappear from the program next year, forcing them to find new coverage even as options shrink and prices rise.
At least 1.4 million people in 32 states will lose the Obamacare plan they have now, according to state officials contacted by Bloomberg. That’s largely caused by Aetna Inc., UnitedHealth Group Inc. and some state or regional insurers quitting the law’s markets for individual coverage.
More Than 1 Million to Lose Obamacare Plans as Insurers Quit - Bloomberg
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ACA seems a rather incomplete oeuvre.
 
This calls to mind Modern Healthcare's look this morning at the varying success of various BCBS plans in exchanges across the country: "How some Blues made the ACA work while others failed"

But Blues plans in Florida, Michigan and New Jersey incurred few problems and have thrived. Overall, half of the 34 examined plans, which sold products in 31 states, posted positive underwriting margins last year.

The results parallel the diverging experiences of for-profit and other not-for-profit insurers nationwide. Although some like Aetna, Humana and UnitedHealth Group suffered massive losses and are retreating from the exchanges, others like Kaiser Permanente, Centene Corp., Molina Healthcare and UPMC Health Plan have handled the new markets with relative ease.
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What would a market look like if not this?
 
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