Tag: insurance exchange

Aetna health insurance withdrawing from ACA exchanges next year

G. Turner
Aetna Health Insurance bubble burst ACA

The company has announced its departure from all marketplaces across the country in 2018. A number of large insurers have stepped out of certain specific marketplaces, but Aetna health insurance is backing out of the entire country. The health insurance company had already withdrawn from certain states, but this move is nationwide. Aetna health insurance will be taking on a complete removal from the Affordable Care Act’s marketplaces next year. It recently announced its decision as a result of ongoing financial losses. The insurer also cited uncertainty as to the…

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Aetna health insurance backs out of Iowan individual exchange

Nordstrom
Iowa stopgap health insurance plan

A second large insurer has announced its intention to step out of the state, leaving residents in a lurch. Aetna health insurance has revealed its intentions to withdraw from the Iowa individual marketplace. This raises concerns that residents will not have any coverage options available for 2018. Tens of thousands of Iowans who purchased health plans through the insurance exchange may be out of luck. The Aetna health insurance exchange withdrawal will be effective as of January 2018. The insurance company informed state regulators that it has chosen to cease…

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Humana intends to step out of Affordable Care Act insurance exchanges

Nordstrom
affordable care act health insurance coverage

The health insurer announced that it would no longer be selling individual plans on the public marketplace in 2018. Humana announced that it would no longer sell health insurance through the exchanges created through the Affordable Care Act. It will be withdrawing from the marketplace in 2018. With this withdrawal comes the first exit from the exchanges by a major health insurance company. As could be expected, President Trump grabbed the opportunity to tweet about the Affordable Care Act. He said Humana’s withdrawal was further evidence that The ACA needed…

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Extended health insurance enrollment deadline is today

Logan B.
health insurance enrollment

Last Thursday, federal officials announced the extension of the open enrollment period, but it’s nearly over. On Thursday night, federal officials announced an extension to the health insurance enrollment period. This gave consumers until today to sign up for health plans that would start their coverage on January 1. The extension will continue at the Affordable Care Act marketplaces until tonight at midnight. This lengthening of the period in which consumers could sign up is the second consecutive year this has happened. Last year, federal officials granted an extension to…

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Americans are shopping outside health insurance exchanges for coverage

H. Cutner
Group Health Insurance Exchanges

Millions of people are buying health plans off the marketplaces to avoid massive rate hikes. As premiums are headed skyward at many health insurance exchanges, people are looking for alternatives. Many Americans have decided to stop shopping in those official markets. Instead, they are purchasing health plans through insurance companies off the exchanges. The purpose is to try to avoid being faced with the rate hikes that are often in the double digits. The Obama administration is working to reverse this trend. The goal is to make health insurance exchanges…

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Kentucky insurance exchange loses another health insurer

G. Turner
Kentucky insurance exchange health insurers

Baptist Health Plan has announced that it will no longer be selling its policies in the state in 2017. Baptist Health Plan has announced that it will be leaving the Kentucky insurance exchange next year. This will mean that approximately 7,000 people across the state will need to find new coverage for 2017. The health insurance company is the fourth largest in the state and notified officials of its decision via letter. The president of the insurance company, James S. Fritz, shared the reason for leaving the Kentucky insurance exchange…

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California Insurance Commissioner supports state-level public option

Nordstrom

As large insurers step out of many of the federal exchanges, the state is looking to lead the way with alternative options. California Insurance Commissioner Dave Jones supports a new state-level strategy that could enhance health insurance marketplace competition. The intention is to implement a public option within the state which could possibly make California a guinea pig for launching similar ideas in the rest of the country. “I think we should strongly consider a public option in California,” said Jones. California Insurance Commissioner Jones explained that the state is…

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