Is Obamacare in a death spiral? Not necessarily. UnitedHealth’s (UNH) decision to exit most health exchanges by 2017, announced on Tuesday, would on the surface seem like a death knell for the Affordable Care Act. However, other insurers have more to gain by staying put, and some are doing just that.
Cigna (CI), which currently offers plans on the public exchanges in seven states for 2016, has plans to expand. Company spokesperson Joe Mondy tells FOXBusiness.com, “Cigna expects to continue participating in the individual insurance market, and is currently in the process of filing 2017 individual plans. We currently intend to selectively expand our public exchange presence into a few new geographies in 2017,” said Mondi. A spokesperson for Anthem told FOXBusiness.com, “We remain committed to the public exchange market and the vital role it plays in providing many individuals with access to affordable, high-quality health care.”
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