UnitedHealth Group, the largest health insurer in the U.S., is exiting California’s Obamacare marketplace in 2017, state officials said Tuesday.
Highmark Inc., one of the ten largest health insurers in the United States that serves Pennsylvania, is seeking to boost rates on its Obamacare plans by 48.1 percent next year, the Pittsburgh Post-Gazette reported. The hike is the highest sought among health insurers in the state.
Health insurers on the New York’s Obamacare exchanges are set to increase rates next year by 17.3 percent for individual policies, New York Daily News reported.
An entrepreneur told lawmakers on Wednesday that initiatives under the Affordable Care Act (ACA) have unforeseen consequences that cause additional expenses and burdens that can lead to less hiring and businesses closing their doors.
Insurer participation in the Obamacare exchanges has declined in 2016 by 27 percent from the year prior to the Affordable Care Act taking effect, according to a report from the Heritage Foundation.
The Department of Health and Human Services issued a final regulation Friday that will pressure health insurers to cover sex change operations, which could then be subsidized by taxpayers through Medicare, Medicaid, and Obamacare.
A federal judge handed House Republicans a win Thursday after ruling that the Obama administration was unlawfully funding an Obamacare subsidy program without congressional approval.