Keyword: exchanges

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  • Anthem pulling out of ObamaCare market in Ohio

    06/06/2017 12:48:17 PM PDT · by grayboots · 10 replies
    The Hill ^ | 6/6/2017 | RACHEL ROUBEIN
    Anthem is exiting the ObamaCare marketplace in Ohio, leaving around 20 counties in the state without an insurer willing to sell a health plan in its exchange for 2018. The company cited uncertainty as a reason why it’s exiting the exchanges in all of the state’s counties, particularly the question of whether or not the Trump administration will continue payments to insurers that compensate them for reducing out-of-pocket costs for lower-income enrollees.
  • Aetna to lose almost $1 Billion from 2014-2017 - Will abandon ALL ObamaCare exchanges

    05/11/2017 10:11:10 AM PDT · by Sean_Anthony · 18 replies
    Canada Free Press ^ | 05/11/17 | Robert Laurie
    Implosion: The law was, after all, just a "step on the path to single payer." Last year, you may recall that one of the nation’s largest insurers, Aetna, announced it had suffered major losses under the failing Affordable Care Act. As a result, it was pulling out of many ACA exchanges. The company said it intended to soldier on in just four states - Delaware, Iowa, Nebraska, and Virginia. Back then, Aetna claimed losses of almost $450 million. A few weeks ago, they announced that number has risen to $700 million since 2014, and they trimmed Iowa and Virginia from...
  • Aetna exits Obamacare exchanges in remaining two states

    05/10/2017 3:17:31 PM PDT · by Oldeconomybuyer · 12 replies
    Reuters ^ | May 10, 2017 | by Deena Beasley
    Health insurer Aetna Inc said on Wednesday it will exit the 2018 Obamacare individual insurance market in Delaware and Nebraska - the two remaining states where it had offered the plans. Aetna had previously announced plans to exit the individual commercial market in Virginia and Iowa. It has now "completely exited the exchanges," the company said in an emailed statement. The insurer attributed the losses to "marketplace structural issues, that have led to co-op failures and carrier exits, and subsequent risk pool deterioration." Aetna said it had 964,000 individual commercial plan members as of the end of 2016, but that...
  • Aetna will exit Obamacare markets in Virginia in 2018, citing expected losses

    05/03/2017 12:34:16 PM PDT · by NRx · 19 replies
    CNBC ^ | 05-03-2017 | Dan Mangan
    Giant insurer Aetna said Wednesday it will not sell Obamacare plans in Virginia next year, citing expected financial losses on such plans in 2017. Aetna left open the question of whether it will sell such individual health plans anywhere in the United States. Aetna's decision to exit Virginia in 2018 comes several weeks after it said it would drop out of Iowa's individual market next year. The company was selling Obamacare plans in just two other states this year: Delaware and Nebraska. "Despite significantly reducing our exchange footprint, our individual commercial products could potentially lose more than $200 million in...
  • Aetna to exit Virginia Obamacare individual insurance market

    05/03/2017 12:22:15 PM PDT · by Oldeconomybuyer · 11 replies
    Reuters ^ | May 3, 2017 | by Caroline Humer
    Aetna Inc will exit the Obamacare individual insurance market in Virginia and will not offer these plans on or off the online exchange created by the Affordable Care Act, the company said on Wednesday. The company said last month that it would leave Iowa. It is selling these plans in four states in 2017.
  • More insurers abandon Obamacare. Who might be next?

    04/05/2017 10:26:38 AM PDT · by Oldeconomybuyer · 7 replies
    CNN Money ^ | April 5, 2017 | by Tami Luhby
    First, Humana pulled out of Obamacare for 2018. Then, Wellmark announced it was leaving. Which health insurer could be next? The failure of the GOP health care plan in Congress and the ongoing uncertainty surrounding the Trump administration's next moves have left insurers skittish about participating in the Obamacare exchanges next year. Certainly, Obamacare was troubled before President Trump took office. But many experts, including the Congressional Budget Office, felt Obamacare was stable overall. Certainly, Obamacare was troubled before President Trump took office. Several major insurers scaled back their involvement on the exchanges, while others hiked premiums to cover their...
  • ObamaCare's Popularity Is A Myth — Enrollee Satisfaction Craters To 22% As Exchanges Collapse

    03/03/2017 4:10:17 AM PST · by IBD editorial writer · 13 replies
    Investor's Business Daily ^ | 3/2/2017 | Staff
    Health Reform: The need for an overhaul of ObamaCare just got more acute, as a new survey shows that satisfaction rates among those enrolled in ObamaCare plans has taken a steep nose-dive this year amid premium hikes and reduced choices. The new coverage of ObamaCare these days has been all about protests against repeal and the alleged increase in public support for the law. But a survey of actual ObamaCare customers released this week paints an entirely different picture. It found that just 22% of the 44,200 ObamaCare enrollees polled rate their health plan as good to excellent. That's down...
  • Ted Cruz Pulls Out Surprise Map During Debate With Sanders to Make a Point About Trump & Obamacare

    02/08/2017 5:17:09 AM PST · by browniexyz · 77 replies
    Independent Journal Review ^ | 2/7/2017 | Jason Howerton
    Sen. Ted Cruz (R-Texas) pulled out a surprise map during his town hall debate with Sen. Bernie Sanders (I-Vt.) on CNN Tuesday night to make a point about the problems facing Obamacare. Cruz argued that in 70 percent of counties in America, consumers have a choice of one or two health insurance plans on the Obamacare exchanges.
  • Feds Ask Colorado's Obamacare Exchange to Return $9.7M

    01/07/2017 6:09:30 AM PST · by Olog-hai · 36 replies
    Cybercast News Service ^ | January 6, 2017 | 12:13 PM EST | Eric Scheiner
    The federal government is recommending the state of Colorado repay $9.7 million in grant funds it says were not properly managed in the creation of its Obamacare health insurance exchange. […] The government concludes the Colorado marketplace did not adequately document costs that it charged to the establishment grants ($4.4 million); charged grants for unallowable contract costs ($4.5 million); improperly transferred costs from one establishment grant to another ($312,000); and improperly awarded bonuses, overpayments, unallowable promotional giveaway items, excessive and unreasonable tips, vendor rebates that were not credited to the establishment grants, and unallowable social activities ($463,000). …
  • Repealing itself? Only 4 of 24 Obamacare exchanges still open

    12/12/2016 9:49:08 PM PST · by Ray76 · 43 replies
    Daily Caller ^ | Dec 12, 2016 | Richard Pollock
    Only four of the original 24 Obamacare health co-ops remain standing after Maryland’s co-op announced Dec. 8 it was suspending the sale of individual health insurance policies, the Daily Caller News Foundation Investigative Group has found. The four remaining co-ops clinging to financial solvency are in Massachusetts, Montana, New Mexico, Wisconsin.
  • Highmark pulls out of ACA marketplace in 27 Pennsylvania counties for 2017

    11/06/2016 8:24:52 PM PST · by kvanbrunt2 · 10 replies
    https://twitter.com/sentoomey ^ | Friday, Nov. 4, 2016, 12:33 a.m. | By Wes Venteicher
    Highmark Inc. is canceling individual health plans in more than half of the Pennsylvania counties in which it has sold the plans on the Affordable Care Act's marketplace, reducing the competition that some experts say is necessary to make the market sustainable. The Pittsburgh-based insurer is no longer selling the plans in 27 of the 49 counties in which it sold them for 2016, according to a Tribune-Review analysis of federal marketplace data. About 70 percent of the insurer's individual marketplace members in Pennsylvania will lose their plans, according to a Highmark spokesman. The plans expire at the end of...
  • Single Provider: 5 States Will Have Only 1 Obamacare Insurance Provider

    10/25/2016 10:41:48 AM PDT · by Olog-hai · 22 replies
    Cybercast News Service ^ | October 25, 2016 | 9:43 AM EDT | Terence P. Jeffrey
    Five states—Alabama, Alaska, Oklahoma, South Carolina and Wyoming—will have only one insurance company offering plans through the Obamacare health insurance exchange in 2017, according to an analysis by the Kaiser Family Foundation. “In states that use Healthcare.gov, the average number of insurers participating in the marketplace will be 3.9 in 2017 (down from 5.4 companies per state in 2016, 5.9 in 2015 and 4.5 in 2014),” said KFF. […] In addition to the five states that will have only 1 insurance company offering plans through the Obamacare exchange, nine states will have only two insurance companies offering plans through the...
  • Rising Cost of Medicaid Expansion Is Unnerving Some States

    10/06/2016 12:11:17 PM PDT · by tekrat · 26 replies
    Associated Press and ABC News ^ | 10/5/2016 | Christina A. Cassidy
    The cost of expanding Medicaid under President Barack Obama's health care overhaul is rising faster than expected in many states, causing budget anxieties and political misgivings. Far more people than projected are signing up under the new, more relaxed eligibility requirements, and their health care costs are running higher than anticipated, in part because the new enrollees are apparently sicker than expected. Rising drug prices may also be a factor. As a result, at least three expansion states, Arkansas, Kentucky and Ohio, have been pushing to require Medicaid recipients to pay more toward their health insurance - a step that...
  • Another Health Insurance Giant Flees More Obamacare Markets (PREMIUM HIKES)

    09/29/2016 4:56:22 AM PDT · by GailA · 11 replies
    Townhall ^ | 9/28/16 | NA
    Since everyone's still buzzing about Monday night's debate seen 'round the planet, I figured I'd offer some counter-programming. Hillary Clinton has said on multiple occasions that Obamacare is "working," but that it needs some "fixes" such as an even bigger government role and more taxpayer funding. Just last week, Harry Reid claimed that Americans who read the news know that the law has been a positive for the country. (Click through on those links for our detailed rebuttals at the time). The ongoing reality is that this failed, unpopular, party-line policy experiment is collapsing under its own weight. The latest...
  • Blue Cross drops out of Nebraska's Obamacare marketplace

    09/23/2016 6:28:25 PM PDT · by Mean Daddy · 10 replies
    Omaha World Herald ^ | Sept. 23, 2016 | Steve Jordon
    Blue Cross Blue Shield of Nebraska said Friday it won’t sell individual health insurance on the Affordable Care Act marketplace next year because of continuing losses. Blue Cross’ departure removes the state’s largest health insurer from the individual marketplace, leaving only Aetna and Medica Health to offer individual policies on the Nebraska’s exchange for 2017. Steve Martin, the chief executive of Blue Cross, told The World-Herald that the company has lost $140 million on the exchange policies since 2014. If the trend continued, losses could total $250 million by the end of 2017, he said. As of this year, around...
  • The Health Insurance Companies Are Scamming America

    09/20/2016 1:29:53 PM PDT · by Kaslin · 17 replies
    Townhall.com ^ | September 20, 2016 | Hal Scherz
    The Obamacare insurance co-ops have collapsed. Of the original 23, only three are expected to survive past 2017. The insurance companies are losing hundreds of millions of dollars on the healthcare insurance exchanges. Their reaction is to pull out of a number of them in order to reduce their exposure; a process they repeatedly employ to shed under-performing products called “purging”. To make up for these losses, insurers are expected to raise 2017 premiums across the board on all policies. The Kaiser Foundation expects an average increase of nine percent for policies on the exchanges, but in the individual market,...
  • Another Obamacare Co-Op Folds, Leaving Only 6 Remaining

    09/14/2016 1:58:57 PM PDT · by EVO X · 10 replies
    Washington Free Beacon ^ | September 13, 2016 | Ali Meyer
    Health Republic Insurance of New Jersey is folding after the state’s insurance commissioner put the Obamacare co-op in “rehabilitation” due to its hazardous financial condition. The co-op had a liability of $46.3 million under the Affordable Care Act’s risk adjustment program, according to the New Jersey Department of Banking and Insurance. That program was designed to transfer money between insurers in case one insurer had more costly enrollees “Despite our hard work and growing customer base, the unfortunate necessity for complying with the [Affordable Care Act’s] risk adjustment mandate has put the company under considerable financial strain,” said Tom Dwyer,...
  • One-third of US won't have choice between Obamacare plans in 2017

    08/22/2016 10:18:55 AM PDT · by PROCON · 24 replies
    CNBC ^ | Aug. 22, 2016 | Dan Mangan
    It's looking like a lot of people are going to have little Obamacare choice next year.One-third of the United States may have just a single insurer to pick from on Obamacare marketplaces in 2017, an analysis released Friday suggests. Seven entire states are projected to have just one carrier in 2017: Alaska, Alabama, Kansas, North Carolina, Oklahoma, South Carolina and Wyoming, according to research by the Avalere consultancy. And more than half of the country, 55 percent, may end up having two or fewer insurers to choose from on those government-run exchanges, Avalere said. "And there may be some sub-region...
  • GHP seeks 41 percent rate hike (Geisinger Health Plan, very big in PA)

    08/22/2016 11:33:39 AM PDT · by jiggyboy · 8 replies
    The Daily Item ^ | August 22, 2016 | Rick Dandes
    If you rely on health insurance provided by companies aligned with the Affordable Care Act marketplace in Pennsylvania, prepare yourself for sticker shock when it’s time to pay those premiums in the fall. Valley residents enrolled in the ACA marketplace can choose from programs offered by Capital Advantage, Geisinger, Highmark, UPMC Health Options, Geisinger Health Plan, Geisinger Quality Options, and Keystone Health Plan Central. All are proposing significant rate increases for monthly premiums in 2017.
  • Big 3 Insurance Flip Obamacare the Bird

    08/22/2016 9:18:16 AM PDT · by Kaslin · 35 replies
    Townhall.com ^ | August 22, 2016 | Katie Kieffer
    UnitedHealthcare, Humana—and now Aetna—are abandoning Obamacare exchanges because they’re unprofitable. Meanwhile, for the first time in 10 years, the U.S. death rate has increased. CDC researcher Andrew Fenelon told the Associated Press: “…it is quite rare to see it [a death rate increase] for the whole population. … Many countries in Europe are witnessing declines in mortality, so the gap between the U.S. and other countries is growing.” For 80 percent of the past decade, President Obama has been president. Obamacare was unconstitutionally rammed through Congress on Christmas Eve of 2009. Isn’t it interesting that in 2016—with Obamacare in full...