Anthem Expected To Exit Some Obamacare Marketplaces In 2018, Analysts Say
The insurance company sells coverage under the Blue Cross and Blue Shield brand in 14 states and its pull back from the exchanges could be devastating to the health law marketplace.
Bloomberg:
Obamacare Stalwart Anthem Seen Likely To Retreat For 2018
Anthem Inc. is likely to pull back from Obamacare’s individual insurance markets in a big way for next year, according to a report from analysts who said they met with the company, a move that could limit coverage options for consumers at a politically crucial time for the law. Anthem “is leaning toward exiting a high percentage of the 144 rating regions in which it currently participates,” Jefferies analysts David Windley and David Styblo said Thursday in a research note. (Tracer, 3/30)
Reuters:
Anthem Likely To Pull Back From Obamacare Markets In 2018: Jefferies
Anthem Inc is likely to exit from a large portion of its Obamacare individual insurance markets next year, Jefferies analysts said, nearly a week after Republican leaders pulled legislation to overhaul the U.S. healthcare system. Anthem is one of the few health insurers that still sells plans under Obamacare. Humana Inc, Aetna Inc and UnitedHealth Group Inc pulled out after reporting hundreds of millions of dollars of losses. (Banerjee, 3/30)
