INDIANAPOLIS Health insurers Anthem and MDwise say they're withdrawing from the Affordable Care Act's insurance exchange in IN next year. He's been critical of the federal government's lack of clarity regarding cost-sharing reductions - those reimburse insurers for subsidies that help people pay for premiums.
"We are pleased that some steps have been taken to address the long term challenges all health plans serving the Individual market are facing, such as improving the eligibility requirements that allow consumers to purchase a plan outside of open enrollment and improved risk adjustment", public relations director Jeff Blunt said in a statement.
Earlier today, it was announced that two insurers, Anthem and MDwise are pulling out of Obamacare, citing growing uncertainty surrounding Obamacare. Senator Joe Donnelly, is highly critical, of the Republican's plan to dismantle the Affordable Care Act.
The subsidies are available to low-income Americans who buy individual health insurance on the exchanges created under the 2010 Affordable Care Act (ACA), former President Barack Obama's signature healthcare law, popularly known as Obamacare.
The other 13 insurers plan to stay, though they may change the types of coverage they offer or which parts of the state they serve.
Anthem, which operates under the Blue Cross and Blue Shield brand in 14 states, described the situation in a statement Wednesday as a "difficult one" that followed "dialogue with state leaders and regulators".
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Anthem said there has been much difficulty with the planning and pricing of Obamacare's health plans because the individual market has been shrinking.
MDwise said the decision was influenced by "the growing uncertainty over the future of the federally subsidized exchange".
"Indiana is one of many states where Obamacare is failing to provide citizens options to affordable, quality healthcare", Holcomb says. In 2016 alone, MDwise lost $21 million on its Health Insurance Exchange business.
MDwise intends to focus on its larger Medicaid plans that cover 370,000 members in all 92 Indiana counties enrolled through two state programs, Hoosier Healthwise and the Healthy Indiana Plan.
The number of IN insurers offering plans on healthcare.gov has dropped from eight to four IN the last two years.