While Republicans rewrite the Affordable Care Act in Washington, the immediate future of the law has grown hazier with the nation's third-largest health insurer saying that it will completely divorce itself from state-based insurance exchanges. Coverage will last through the end of 2017.
Insurance companies are still making decisions about whether to offer coverage for individuals next year on these markets, and price increase requests are only just starting to be revealed by state regulators. As a main reason for their exit, Aetna cited an approximate $700 million loss for individual policies between 2014 and 2016, and an estimated loss of $200 million for 2017 throughout the United States. T.J. Crawford, an Aetna spokesman, said the company had no comment on a potential Nevada presence at this time.. "It also underscores the importance of Congress continuing its work to ensure all Americans can access the compassionate, patient-centered, and affordable health care they deserve".
Health and Human Services Secretary Tom Price seized on the insurer's decision Wednesday night as the latest ammunition to bash Obamacare, as the ACA also is known.
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Police were able to focus on Saucedo after they learned that he owned a 9mm handgun that he pawned off days after the murder. Ms Smith said she had grown frustrated over the past year as detectives kept her in the dark about the investigation.
Blue Cross does still sell individual health insurance policies in Nebraska off of the marketplace exchange.
Many insurers, members of the Obama administration and ACA supporters portrayed jumps in premiums as one-time course corrections and predicted that both premiums and insurers' participation would level off. It had already dropped Iowa and Virginia for next year. "We can not sit by and allow our country's health insurance marketplace to collapse under this unsustainable law", said Smith.
In Virginia, Cigna wants to raise rates by an average of 45%, while HealthKeepers, an affiliate of Anthem Blue Cross and Blue Shield, is looking for an 38% increase. Policyholders are continuing to rack up bigger bills than their premiums cover, and insurers remain concerned about the uncertainty emanating from Washington D.C. Carriers are particularly anxious about whether they'll continue to receive the cost-sharing subsidies that reduce premiums for lower-income consumers and whether the Trump administration will keep enforcing the individual mandate, which helps entice healthier people into the market.