Humana pulls out of Obamacare for 2018

However, some analysts say that its withdrawal will not make any significant affect as serves only a small fraction of customers under the Obamacare system, which is expected to serves almost 11 million individuals this year. The agency had planned to have only 50% of new applications for special enrollment periods to submit documents before their coverage begins. Humana made the announcement Tuesday afternoon as part of its future strategy as an independent company following its decision to abort a merger with Humana.

Administration officials said the moves - which were detailed in proposed regulations released Wednesday - are necessary to stabilize Obamacare marketplaces that have been shaken over the past year by rising premiums and insurer exits.

Bertolini said he and Broussard could still work together despite the end of Aetna's proposed $37 billion purchase of Humana.

Through the rest of the year, Humana said it would continue to serve its exchange customers in the 11 states where it offers policies, but it would cease offering any policies on the exchanges next year.

"Humana is seeing further signs of an unbalanced risk pool", the company said in its recent strategic update.

The insurer, which had roughly 152,000 individual market policyholders, expects to lose $45 million in that segment. So why is the ACA - colloquialized as Obamacare - being prepared for the executioner in the infancy of President Donald Trump's leadership after Barack Obama and Hillary Clinton worked to get it passed in 2010?


While the Affordable Care Act hangs in limbo, one sector of the population stands to be significantly impacted.

The survey found 81 percent of voters support the state or federal government offering low-priced, comprehensive health insurance to workers earning $34,000 a year or less. Opponents pointed to the problems as a sign that Obamacare was collapsing and things would only get worse.

Humana Inc (NYSE:HUM) will be leaving the Affordable Care Act (ACA) in 2018.

Mark Bertolini, CEO of health insurance titan Aetna (aet), isn't holding back when it comes to Obamacare.

But one of the most popular aspects of the ACA, regardless of party affiliation, is the dependent child coverage provision, which allows young adults like myself to stay on their parents' plans until they're 26 years old.

House Speaker Paul Ryan said at a press conference that leaders are taking a "step-by-step" strategy on repeal and replace. They plan to announce whether they will continue in the spring, which is when carriers have to file their policies and premiums for 2018 with state regulators. The law was already facing an onslaught of negative publicity previous year as massive insurers like UnitedHealth (unh) retrenched from participating in its marketplaces and other firms spiked premiums thanks to enrollees' unexpectedly high medical costs.

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