In other Obamacare news
Obamacare insurance market near collapse in Tennessee, state official says
one-third of U.S will have no health insurance choices
Aetna, the nation’s third largest health insurer and faced with $300 million in loses, has decided against expanding its participation in the Obamacare exchanges. They also announced that they are re-evaluating their entire participation in the remaining exchanges.
Obamacare rates are likely to go up from 23% to 45% in Illinois, and 17.3% in Michigan.
Humana, one of the nation’s largest heathcare companies, has decided to leave almost half of its Obamacare markets next year.
Health insurance rates on the Obamacare exchange in California will rise 13% next year.
Presbyterian Health Plan, a major insurer in the New Mexico marketplace, has announced that it will be dropping out of the Obamacare exchange next year.
Oregon’s Health CO-OP in folded July
Within three months of signing up for Obamacare more than 13%, or 1.6 million people, in 2016 have dropped coverage by not paying their premiums.
Blue Cross Blue Shield is losing money in states across the nation, forcing them to request rate increases of more than 50 to 65 percent.
Almost a hundred thousand Coloradans are about to lose their health insurance because of Obamacare.
Ohio’s Obamacare co-op announced in June that it is shutting down, making it the 13 of 23 co-ops to fail.