Thursday, February 16, 2017

Humana exit highlights uncertainty about ObamaCare replacement plan

Weasel Zippers

Humana exit highlights uncertainty about ObamaCare replacement plan

"Humana’s decision to exit the ObamaCare exchanges at the end of the year could trigger a “domino effect” among insurers, with companies abandoning the marketplace and potentially leaving thousands with diminished or zero coverage options in 2018.

"Humana became the first insurance company to pull out of the exchanges for 2018 on Tuesday, amid uncertainty from Congress and the Trump administration about what an ObamaCare replacement will look like and when it might be implemented.
. . .
"And history shows that once one insurer drops out of the exchanges, others are likely to follow.

"For example, when Aetna announced last year that it would pull out of most of the exchanges, UnitedHealthcare and Humana also scaled back their participation.
“It did start to feel like a domino effect last year, and it could be something similar this year,” said Cynthia Cox, a health policy expert at the Kaiser Family Foundation." . . .

No comments: