Anthem, a major player in the Obamacare exchanges, announced that it would withdraw from Wisconsin and Indiana next year, along with Ohio.
NYS Entity Status
NYS Filing Date
FEBRUARY 12, 2013
NYS DOS ID#
NYS Entity Type
FOREIGN LIMITED LIABILITY COMPANY
2013 - ANTHEM PROPANE EXCHANGE LLC
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- Anthem’s retreat leaves Californians with fewer choices, more worries
By Pauline Bartolone, Anna Gorman and Chad Terhune - Friday Aug 4, 2017
Daitchman and his wife, who own a graphic design business in Santa Cruz County, each pay $350 a month for a health insurance plan from Anthem Blue Cross on the Covered California exchange.[...] Anthem announced this week that it will pull out of most of the state’s individual markets, including most of the Bay Area, citing the uncertainty swirling around the Affordable Care Act.[...] there’s the possibility that a new insurer will charge more for coverage.[...] he has kidney disease.The move by Anthem, the nation’s second-largest health insurer, means about 153,000 Californians like Daitchman, who buy insurance on the California exchange, must look for new plans for 2018.[...] its share of the market has dwindled to 19 percent, state officials said Tuesday, and that could plummet to single digits next year as exchange policies are canceled.Anthem had long sold policies across the state, from large markets such as Los Angeles to rural, mountainous counties like Inyo and Mono, which often had few insurers to choose from.In an email, company spokesman Tony Felts explained that planning and pricing affordable health plans “has become increasingly difficult” amid uncertainty about such things as the availability of cost-sharing subsidies for low-income marketplace enrollees.[...] the retreat does not touch the company’s other insurance customers, such as people with Medi-Cal, Medicare or plans through an employer.Ana Gupte, a health care analyst at Leerink Partners, said these “surgical extractions” minimize the risk that potential losses from exchange plans drag down profit.Kathy Hempstead, director of health coverage issues at the Robert Wood Johnson Foundation, said even well-functioning state exchanges like California’s are not immune from the contentious debate over the federal health law.Covered California Executive Director Peter Lee said the state exchange “played a very active role” in encouraging Anthem to stay in three of California’s 19 insurance regions.Robert Laszewski, a Virginia health care consultant, said Anthem is turning its back on longtime customers in California and other key states, despite making repeated commitments to regulators over the years about its staying power.