CT’s Obamacare Exchange Makes Changes After Rough 2016January 27, 2017
Access Health CT's board voted to make some changes on Thursday. It was a rough 2016 for the exchange, with rate increases and insurers leaving the market or failing.
On Thursday, Access Health CT voted to “tighten the procee for people to get coverage,” in response to concerns from insurers. The CT Mirror‘s Arielle Levin Becker has more:
Feedback from insurance companies indicates that people who sign up outside the open-enrollment period are significantly costlier to cover and more likely to drop coverage before the end of the year. Insurance companies indicated that the adverse selection of mid-year enrollees accounts for 6 to 10 percent of rate increases, Rich-Bye said.
…The exchange currently lets people who request a ‘special enrollment period’ get coverage before verifying that they qualify for the sign-up period exception. The board voted Thursday to change the procedure so people must provide documentation to show they qualify for the special sign-up period before their coverage can begin.
The change may ease the burden on insurers in Connecticut after a rough 2016 for Obamacare.
- The average rate hike in Connecticut was 25 percent for individuals and 13 percent for small groups.
- United Healthcare announced it would leave Connecticut’s Obamacare exchange
- HealthyCT, Connecticut’s “financially ‘unstable’ Obamacare health insurance co-op,” failed and was placed under state supervision
- ConnectiCare became the third insurer to leave the exchange – leaving only Anthem Blue Cross Blue Shield – before reversing its decision days later
The new policy from Access Health CT may make things easier for the two health insurers left, Anthem and ConnectiCare. However, the GOP in Washington has signaled repeal and replacement of Obamacare is on the way.
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