Obamacare Insurer Participation Declines 24 Percent in 2017
In 2016, there were 287 insurers who offered insurance on the Obamacare exchanges and in 2017 that number dropped to 218. There were 34 states that saw the number of insurers decline, 15 states have the same amount of insurers from 2016 to 2017 and only one state added an insurer in 2017.
Five states, Alabama, Alaska, Oklahoma, South Carolina, and Wyoming, have only one insurer operating on the exchanges, leaving consumers with little choice.
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The number of health insurers participating in the Affordable Care Act exchanges has declined by 24 percent from 2016 to 2017.