Wednesday, February 15, 2017

The death spiral continues apace

Hot Air: "Humana announces it is dropping out of Obamacare in 2018."  Quote: "Further signs of an unbalanced risk pool."

1 comment:

Anonymous said...

Longer quote:
"Insurers are complaining loudly about the uncertainty surrounding what will happen in the coming years, even though many states’ exchanges have showed some signs of stability. Several major insurers have said they cannot begin to decide whether to offer coverage next year until the government clarifies if and how it plans to change the rules.

Based in Louisville, Ky., Humana is not a major player in the individual exchanges and is among the national insurers, like Aetna and UnitedHealth Group, that have struggled to make money in the market. The company has steadily scaled back its presence, selling policies for 2017 in just 11 states. In early January, the company said the number of its customers buying coverage through the exchanges had dropped to about 150,000, a small fraction of the roughly 12 million individuals who initially signed up for coverage through the exchanges."