Anthem to leave ACA market over market concerns

PORTLAND, Maine (NEWS CENTER) — Health insurer Anthem says it's leaving Maine's health insurance exchange next year due to market volatility and uncertainty.

The move announced Wednesday means Maine is down to two insurers offering plans on the exchange set up by former President Barack Obama's health care law.PORTLAND, Maine (NEWS CENTER) — Health insurer Anthem says it's leaving Maine's health insurance exchange next year due to market volatility and uncertainty.

The move announced Wednesday means Maine is down to two insurers offering plans on the exchange set up by former President Barack Obama's health care law.

Anthem hinted its possible departure in June filings. Company spokesman Colin Manning said the market remains volatile while the individual market shrinks.

Congress has been mulling GOP proposals to repeal and replace the Affordable Care Act.

Manning cited uncertainty over the restoration of a health insurance tax and the future of federal health subsidies.

Anthem will reduce its health plan offerings and offer one gold-level plan only available in Aroostook, Hancock and Washington counties.

Insurers faced a Wednesday deadline to file rates with federal regulators.

Gov. Paul LePage's office issued the following statement Wednesday:

“ObamaCare is continuing to implode and cause significant hardships for Maine’s people. The loss of yet another insurer on the exchange leaves Mainers with few alternatives to pay for healthcare. Even though ObamaCare is collapsing around them, Maine Senators Collins and King still refused to support a bill that would have sent 44 percent more healthcare funding to help struggling Mainers pay for health insurance. Instead of seeking national headlines, they should have been working to help the people who elected them.”

Anthem hinted its possible departure in June filings. Company spokesman Colin Manning said the market remains volatile while the individual market shrinks.

Congress has been mulling GOP proposals to repeal and replace the Affordable Care Act.

Manning cited uncertainty over the restoration of a health insurance tax and the future of federal health subsidies.

Anthem will reduce its health plan offerings and offer one gold-level plan only available in Aroostook, Hancock and Washington counties.

Insurers faced a Wednesday deadline to file rates with federal regulators.

Gov. Paul LePage's office issued the following statement Wednesday:

“ObamaCare is continuing to implode and cause significant hardships for Maine’s people. The loss of yet another insurer on the exchange leaves Mainers with few alternatives to pay for healthcare. Even though ObamaCare is collapsing around them, Maine Senators Collins and King still refused to support a bill that would have sent 44 percent more healthcare funding to help struggling Mainers pay for health insurance. Instead of seeking national headlines, they should have been working to help the people who elected them.”

© 2017 Associated Press


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