Anthem To Leave Obamacare Exchange In Nevada

Anthem To Leave Obamacare Exchange In Nevada

Healthcare insurer Anthem Inc.

Hundreds of US counties are at risk of losing access to private health coverage in 2018 as insurers consider pulling out of those markets in the coming months.

The major insurer, which now offers Blue Cross Blue Shield plans on 14 states' exchanges, cited the continued volatility of the individual marketplaces as the reason for its decision.

Continuing its methodical retreat from the Affordable Care Act exchanges, Anthem announced that it will exit Nevada's exchange entirely next year and extract itself from 74 of Georgia's 159 counties.

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She said Anthem "has chose to break its commitment to Nevada, leaving thousands of Nevadans with disrupted health care services". State officials are "currently having conversations" with carriers in an effort to have an on-exchange option available to residents of Nevada's 14 mostly rural counties, Davis said.

Earlier this month Anthem revealed that they will pull out of 16 of 19 regions in California in 2018. It also projects that 40 percent of counties (1,352) will only have one health insurer on the exchanges next year, with the result that there would be 2.3 million individuals who only have one choice for health care coverage. In the meantime, he urged the Trump administration to continue funding cost-sharing reduction subsidies until reforms were passed.

Part of the health care market's volatility comes from President Donald Trump's threats to cut off subsidies that allow insurers to offer less expensive coverage to low-income customers.

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