Advertisement

UPDATE 1-Anthem to sell Obamacare health plans in Virginia counties that don't offer them

UPDATE 1-Anthem to sell Obamacare health plans in Virginia counties that don't offer them
From Reuters - September 15, 2017

NEW YORK (Reuters) - U.S. health insurer Anthem Inc (ANTM.N) said on Friday it plans to sell Obamacare health plans in 68 cities and counties in Virginia next year, covering the only remaining U.S. counties that are currently without insurers offering the plans.

Anthem said last month it was exiting the Obamacare market in the state, but reconsidered the move after no other insurer stepped up to cover most of Virginias counties.

The Centers for Medicare and Medicaid Services said earlier this week that 63 counties nationwide could be bare counties, with no insurers selling the Obamacare plans. It said that 1,472 counties could have only one insurer in 2018.

Insurers such as UnitedHealth Group Inc (UNH.N), Aetna Inc (AET.N) and Humana Inc (HUM.N) have exited most of the states where they sold Obamacare plans. They cited uncertainty over the healthcare legislation and whether the administration of U.S. President Donald Trump will maintain subsidies that keep costs down.

Advertisement

Continue reading at Reuters »