Obamacare insurers are leaving the exchanges, except this one. Find out why Centene sees this as an opportunity.
As insurers leave the Obamacare exchanges, one insurer believes see’s an opportunity in the void left by some of the major insurance companies.
The side story is that some insurers left the exchanges as a marketing tool the be able to merge and create mega insurers; something probably not good for the public or the doctors who serve them.
Obamacare has created a set of rules from state to state that assures that your health insurance is complete coverage. Unfortunately, it has also been blamed on the rise of premiums, and has also solved the problem of so many uninsured patients who are now covered under Medicaid.
According to the NY Times, Centene said it intended to sell individual policies for the first time in Nevada, Missouri and Kansas, and to grow its presence in six other states, including Ohio and Florida.
The insurers who are leaving the exchanges are blaming the president and congress on the uncertainty associated with a possible defunding of Obamacare. In other words, they are blaming the recent rate increases on uncertainty for much of the marketplace. Should “uncertainty” cost us 25% more and force insurers to withdraw from exchange plans?
Read more from the NY Times
Trump Says Market Is Failing, but One Insurer Bets Big on Obamacare
By MARGOT SANGER-KATZ and REED ABELSON JUNE 13, 2017
The Obamacare insurance markets aren’t as shaky as President Trump seems to believe.
On Tuesday, the insurer Centene announced plans to expand aggressively into the state marketplaces established under the Affordable Care Act. Centene said it intended to sell individual policies for the first time in Nevada, Missouri and Kansas, and to grow its presence in six other states, including Ohio and Florida.
The announcement contradicted a narrative Mr. Trump has pushed of a health care system in crisis.
The president, in a tweet and a televised meeting with more than a dozen Republican senators Tuesday, argued that the markets established under the health law were irretrievably broken and in need of replacement from Congress. In the afternoon, he spoke in Wisconsin beside two couples he described as the health law’s “victims.”
But in one of his classic mixed messages, Mr. Trump also reportedly told the senators that the House-passed bill to repeal the Affordable Care Act — one that he cheered in a Rose Garden ceremony last month — was “mean,” as he urged them to be more generous in their own bill.
In recent months, several insurers have said they will stop selling individual policies in the market in 2018, leaving dozens of counties with the possibility of no insurer. Tuesday morning, the Trump administration released a map, based on press reports, that showed bare areas of the country highlighted in red. The Centene announcement made that map almost instantly obsolete.