Insurer Anthem Inc. is looking to exit “a high percentage of the 144 rating regions in which it currently participates.”This shoddy law was slapped together in such a way that whenever Congress couldn't figure out how to craft the legislation, the Democrats just shoehorned in "The Health and Human Services Secretary will figure it out." Now we have an Administration disinclined to bend the law with the whim of a bureaucrat.
Anthem has been single-handedly propping up Obamacare in many states, and its departure would leave some consumers in Colorado, Kentucky, Missouri, and Ohio with ZERO Obamacare insurers available. Consumers will face fines for failing to buy a product that is not available to them.
According to the article, Anthem lost $374 million in the individual market in 2016, and is pleading with the administration for regulatory relief so they can stay in the market.
Friday, March 31, 2017
Another one bites the dust
And it's a big one. The Resurgent: "Death Spiral: Anthem to bail on Obamacare."