Two More Insurers Leave Obamacare

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Anthem said it planned to “reduce its 2018 individual plan offerings in Wisconsin and Indiana” after being unable to successfully manage the cost of sick patients signing up for coverage under the Affordable Care Act.

Anthem, which operates under the Blue Cross and Blue Shield brand in 14 states, described the situation in a statement Wednesday as a “difficult one” that followed “dialogue with state leaders and regulators.” The decision comes amid regulatory uncertainty in Washington and a lack of funding for cost-sharing subsidies for millions of Obamacare enrollees in 2018.

The president has repeatedly said Obamacare’s individual market is “imploding” but insurers say Trump and the GOP-led Congress aren’t helping matters by refusing to fund cost-sharing reductions that would reduce costs for those enrolled in ACA-compliance plans. Read more at FORBES.

{Matzav}

 

2 COMMENTS

  1. so let me get this straight. the unbelievably wonderful (sarcasm) obamacare worked like this. everyone was guaranteed coverage but when the insurance companies didn’t make enough money they were subsidized by the federal gov’t? why is this different than medicaid? Now Trump is the bad guy cuz he thinks we shouldn’t be paying for everyones insurance?

  2. Obama Care was meant to fail. With insurance companies failing, it would have provided an excuse to install a completely nationalized government run healthcare. Wouldn’t it be great for us simple serfs to be taxed to death so that we would receive a DMV style service, while the government class would have access to the best. The only glitch was the election of Trump. If Hillary would have won, we would have experienced all the beautify of the “free” healthcare.

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