Anthem, One of CT’s Two Obamacare Insurers, Considers Leaving ExchangeMarch 13, 2017
Bad news for Obamacare in Connecticut: one of the two insurers offering plans on the individual exchange is considering a departure from the market.
Trouble on the horizon for Obamacare in Connecticut: Anthem Blue Cross and Blue Shield, one of the two insurers “currently selling plans” on Access Health CT, is considering leaving the market in 2018.
Anthem Blue Cross and Blue Shield is likely to notify state regulators this summer that it will withdraw from Connecticut’s individual market next year – even though the company has not yet decided whether to sell plans in 2018, the company’s president told the head of the state’s health insurance exchange.
…Anthem is the largest insurance company in Connecticut, and a big player in the state’s individual market. It is one of only two carriers currently selling plans through the state’s Obamacare exchange, Access Health CT. This year, Anthem has approximately 34,500 exchange customers, 31 percent of the exchange’s business. Last year, the company covered 56,700 people through individual market plans sold on and off the exchange.
This means 2017 is shaping up to be as difficult as 2016 was for Obamacare in Connecticut. We had more on that a month ago:
- The average rate hike for 2017 in Connecticut was 25 percent for individuals and 13 percent for small groups.
- United Healthcare announced it would leave Connecticut’s Obamacare exchange in April
- HealthyCT, Connecticut’s “financially ‘unstable’ Obamacare health insurance co-op,” failed in July and was placed under state supervision
- ConnectiCare became the third insurer to leave the exchange in September – leaving only Anthem Blue Cross Blue Shield – before reversing its decision days later
Connecticut Democrats blasted so-called “Trumpcare” last week, but did not address the difficulties Obamacare has experienced in Connecticut.
If Anthem exits the Connecticut market, only Connecticare will be left on the individual exchange. That will add eight counties to the list of 960 counties across America only offering one insurer for Obamacare.
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