ANTHEM: Another huge insurer could dump Obamacare
Anthem, one of the five largest public health-insurance companies in the US, may pull out of the Affordable Care Act’s public exchanges if the market does not improve in 2017.
After the release of Anthem’s third-quarter results on Wednesday, CEO Joseph Swedish said the insurer would evaluate its participation in the exchanges, established under the law better known as Obamacare, for 2018 when it gets the results of the 2017 plan year.
“If we do not see clear evidence of an improving environment and a path towards sustainability in the marketplace, we will likely modify our strategy in 2018,” Swedish said Wednesday during the company’s earnings call. – READ MORE