Centene to offer insurance in exchanges in 3 more states
Anthem Inc, which has long said that uncertainty over the payments used to make insurance more affordable could cause it to exit markets next year, last week announced it would exit most of the OH market in 2018.
The company, which serves 1.2 million customers, will become the fourth to offer medical coverage through Nevada’s Silver State Health Insurance Exchange.
This growth spurt could fill some big holes that have developed in the exchanges, the only place where people can buy individual coverage with help from an income-based tax credit. CEO Michael Neidorff said the insurer is committed to providing the Obamacare plans despite uncertainty from Washington that is taking a toll on the exchanges.
President Trump has threatened to cut off the payments if Congressional Democrats fail to participate in Republican efforts to “repeal and replace” Obamacare. President Trump has yet to promise continued cost-sharing reduction payments that allow insurers to keep deductibles lower for lower-income consumers.
Four insurers – Molina, Florida Blue, Centene, and Humana – sold 2017 individual market plans in the tricounty region. In response, the state is planning to ask the federal government if it can restructure its marketplace, in hopes of keeping insurers around. Narrow networks can dissuade customers who know they need expensive, specialized care like a transplant from choosing an insurer’s coverage if other plans are available.
It says 90 percent of its exchange customers are eligible for subsidies.
UnitedHealthcare, the nation’s largest insurer, filed tentative plans to do Obamacare business in NY and Nevada. Most of its customers this year were renewals from 2016, which makes it easier to figure out prices.
The expansion comes after several insurers said over the past few weeks that they are leaving the ACA exchanges in various states. That includes Blue Cross-Blue Shield plans in Illinois, Kansas, Alabama and Texas.
The Kansas City Star got the emails through an open-records request filed with the Missouri Department of Insurance.