Blue Cross, Aetna, United, Humana Flee Obamacare Exchanges

CNSNews  –  Cross-Posted at True Health is True Wealth: Major health insurance companies – Blue Cross, Aetna, United, Humana – have fled the Obamacare health care exchanges in various states, which are scheduled to start on Oct. 1st, 2014.

Insurance companies like Aetna and United have said, “thanks, but no thanks” to the public health insurance marketplace set up under the Affordable Care Act (ACA), or Obamacare, which will facilitate government subsidies to individuals and small businesses to buy approved health plans to comply with the law.

The ACA requires every American to have health insurance, or pay a penalty.  Individuals who are not covered by their employer can enroll in the state or federal government-run health care “marketplace,” which will provide subsidies to individuals between 100 and 400 percent of the poverty line.

Aetna, a fortune 100 company with $34.2 billion in revenue, has pulled out of public exchanges in three states, and will not be part of the individual health insurance exchange in its home base, Connecticut.

Founded in Hartford, Conn., in 1850, Aetna withdrew its application to participate in the state on Monday, due to high rates proposed by state regulators, the Hartford Courant reported.

“We have spent considerable time identifying those states in which we can be competitive and add the most value to the market,” Aetna said in a statement.  “As a result of our analysis, we have reluctantly concluded that we will withdraw certain Individual Exchange filings for 2014, including filings in Connecticut, Georgia and Maryland.”

“This is not a step taken lightly, and was made as part of a national review of our Exchange strategy,” the company said.  “Unfortunately, we believe the modifications to the rates filed by Aetna will not allow us to collect enough premiums to cover the cost of the plans and meet the service expectations of our customers.”

California

Aetna will also not participate in California’s exchange, and a spokesperson told CNSNews.com that the company never intended to do so.

Blue Cross, Aetna, United, Humana Flee Obamacare Exchanges

(AP Photo)

“We did not withdraw exchange plans in California, as we never planned participation nor filed [Qualified Health Plans] QHPs to participate in the California exchange,” a spokesperson said.

Anthem Blue Cross has withdrawn from its bid to participate in the state’s small business exchange, as well.

United Health Group, the largest health insurer in the United States, has also taken a pass on the Golden State’s individual insurance market under Obamacare.

As a result, roughly 8,000 policyholders will be left searching for new insurance.

Aetna will stop selling individual insurance policies in California all together, leaving nearly 50,000 existing policyholders to find new coverage by January.

‘If You Like Your Doctor,’ Hope Your Insurer Is Participating in the Exchange

“No matter how we reform health care, we will keep this promise: If you like your doctor, you will be able to keep your doctor, period,” Obama said on June 15, 2009.

“If you like your health care plan, you will be able to keep your health care plan. Period,” he said.  “No one will take it away. No matter what.”

That promise, however, has been revised by the Department of Health and Human Services (HHS), which now says, “you may be able to keep your current doctor” in the health insurance marketplace.

“Most health insurance plans offered in the Marketplace have networks of hospitals, doctors, specialists, pharmacies, and other health care providers,” HHS said on its website for the health reform law.  “Networks include health care providers that the plan contracts with to take care of the plan’s members.”

“Depending on the type of policy you buy, care may be covered only when you get it from a network provider,” they said.

obama health care

President Barack Obama signs the Affordable Care Act (Obamacare) into law on Mar. 23, 2010. (AP)

With insurers opting out of state-run health exchanges, individuals are left with less options.

Only three companies remain in Connecticut’s “Access Health CT” exchange, following Aetna’s departure.

Similarly, only five plans are participating in the exchange in Georgia, after Aetna and Coventry Health Insurance dropped out last week.

The Savannah Morning News noted that this will “leave residents of some parts of the state with limited choice.”

Two of the three largest health insurers in Wisconsin will also not participate in the state’s online marketplace under Obamacare, it was announced on Wednesday.

Though they will not participate in at least four state-run exchanges, Aetna said they “appreciate” the opportunity to work with state regulators on complying with the ACA.

“We have appreciated the chance to work with the regulators in each state for the past months on a variety of key issues regarding ACA implementation,” Aetna said in a statement.  “We will continue to work with them, and various Exchange leadership teams, as we evaluate exchange participation in future years.”

CNSNews.com is not funded by the government like NPR. CNSNews.com is not funded by the government like PBS.

**More and more politicians, unions, insurance companies and people who have read the bill are calling ObamaCare a ‘trainwreck’.

About Ask Marion

I am a babyboomer and empty nester who savors every moment of my past and believes that it is the responsibility of each of us in my generation and Americans in general to make sure that America is as good or even a better place for future generations as it was for us. So far... we haven't done very well!! Favorite Quotes: "The first 50 years are to build and acquire; the second 50 are to leave your legacy"; "Do something that scares you every day!"; "The journey in between what you once were and who you are becoming is where the dance of life really takes place". At age 62 I find myself fighting inoperable uterine Cancer and thanks to the man upstairs and the prayers from so many people including many of my readers from AskMarion and JustOneMorePet... I'm beating it. After losing our business because of the economy and factors related to the re-election of President Obama in 2012 followed by 16-mos of job hunting, my architect-trained husband is working as a trucker and has only been home approximately 5-days a month since I was diagnosed, which has made everything more difficult and often lonely... plus funds are tight. Our family medical deductible is 12K per year for two of us; thank you ObamaCare. But thanks to donations from so many of you, we are making ends meet as I go through treatment while taking care of my father-in-law who is suffering from late stage Alzheimer's and my mother-in-law who suffers from RA and onset dementia as well as hearing loss, for which there are no caretaker funds, as I continue the fight here online to inform and help restore our amazing country. And finally I need to thank a core group of family, friends, and readers... all at a distance, who check in with me regularly. Plus, I must thank my furkids who have not left my side through this fight. You can see them at JustOneMorePet.
This entry was posted in Health and wellness, Knowledge Is Power, Politics, Stand Up, Wake Up, Watch the Other Hand, You Be the Judge. Bookmark the permalink.

9 Responses to Blue Cross, Aetna, United, Humana Flee Obamacare Exchanges

  1. Excellent post, keep up with the hard work, youre carrying it out right!

  2. Pingback: It’s a Wrap – Ask Marion 8-04-13 – 8.11.13 Edition | askmarion

  3. Pingback: Another OBAMACARE PROVISION: "FORCED" HOME INSPECTIONS | askmarion

  4. Hey therre would you mind letting me know which web host you’re
    using? I’ve loaded your blog inn 3 differeent web browsers and I must say this blog loiads a loot faster then most.
    Can you recommend a good internet hosting proider at a fair price?
    Cheers, I appreciate it!

  5. This work is truly fastidious. It helps new viewers, who are wishing for good blogging.

  6. Awesome blog! Do you have any tips and hints for aspiring writers?
    I’m planning to start my own website soon but I’m a little lost on everything.
    Would you recommend starting with a free platform like WordPress or goo for a paid option? There are so mzny options out there that I’m totally overwhelmed
    .. Any tips? Thank you!

    • Ask Marion says:

      Thanks!!

      My recommendation is to just jump in; don’t over think it. WordPress is great and I would recommend them; definitely starting with them. And then just write as much as you can, everyday if you can. And write from your heart… Passion and truth are the keys!

      Marion~

  7. Pingback: backlink checker

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s