Half of Americans believe that the Obamacare exchanges are collapsing, according to a report from the Kaiser Family Foundation.
Health insurers in New Mexico are increasing premiums at the highest rate seen in the four-year history of the state’s exchanges, the Albuquerque Journal reported.
There are 63 counties in the United States that are projected to have no insurer participating in the Affordable Care Act exchanges in 2018, according to a report from the Centers for Medicare and Medicaid Services.
The vice president of individual business at Anthem told lawmakers on Thursday that the company is cautious about continuing its participation in the Obamacare exchanges due to uncertainty.
An expert warned lawmakers that the Affordable Care Act is in a partial actuarial death spiral with large proportions of those below 200 percent of the federal poverty level enrolling.
At the Senate Committee on Health, Education, Labor, and Pensions hearing on Tuesday, representatives from insurance companies and state-based exchanges said that giving states more flexibility will help prevent more volatility.
Anthem, one of the largest health insurers in the nation, has announced that it plans to exit the Obamacare exchanges in half of the counties in Kentucky, the Hill reported.
Insurance commissioners told lawmakers Wednesday that Obamacare’s individual market is near collapse as premiums continue to rise and health insurers flee the marketplace.
An administration official on Wednesday did not give a clear goal for Obamacare enrollment and was unsure as to whether or not individuals would sign up for coverage.
Northwell Health, a health insurer in New York, has announced it is dropping out of the Obamacare exchanges due to bankrupting costs, the New York Post reported.