Humana Announces It Will Drop Out of Obamacare Exchanges in 2018

Company says further signs of an unbalanced risk pool will cause them to exit exchanges

BY:

Humana is the first major insurer to announce it will drop out of the Obamacare exchanges in 2018.

Last year, Humana announced that it would scale back participation from 15 states to 11, citing financial losses.

"All of these actions were taken with the expectation that the company's individual commercial business would stabilize to the point where the company could continue to participate in the program," Humana said.

"However, based on its initial analysis of data associated with the company's healthcare exchange membership following the 2017 open enrollment period, Humana is seeing further signs of an unbalanced risk pool," the company said. "Therefore, the company has decided that it cannot continue to offer this coverage for 2018."

The company serves roughly 150,000 individuals through the Obamacare exchanges.

President Trump commented on the announcement over Twitter, saying that Obamacare continues to fail and that he intends to repeal, replace, and save healthcare for all Americans.

Ali Meyer

Ali Meyer   Email Ali | Full Bio | RSS
Ali Meyer is a staff writer with the Washington Free Beacon covering economic issues that expose government waste, fraud, and abuse. Prior to the Free Beacon, she was a multimedia reporter with CNSNews.com where her work appeared on outlets such as Drudge Report and Fox News. She also interned with the Heritage Foundation and Pacific Research Institute. Her Twitter handle is @DJAliMeyer, and her email address is meyer@freebeacon.com.

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