“lack of overall predictability simply does not provide a sustainable path forward”
“Our individual Commercial products lost nearly $700 million between 2014 and 2016…”
“…won’t participate in the state’s individual market…in 2018.”
“We continue to evaluate our footprint with a view towards significantly reducing our exposure…”
“Anthem is leaning toward exiting a ‘high percentage’ of the 144 rating regions in which it currently participates
“It has become increasingly clear that this law is collapsing.”
“I think you will see a lot more withdrawals this year…”
“…Humana is seeing further signs of an unbalanced risk pool.”
“We are disappointed to take this course of action after 19 months of planning…”
“The financial performance in individual ACA compliant products has been disappointing…”
“…an operating loss of $69.9 million for the first half of 2016”
“The ACA is not sustainable…”
“…cannot continue to be dependent upon the whims and market projections of large private insurance companies”
Tennessee hit with 40%+ premium hikes.
Plus, Obama’s home state next up for big ObamaCare premium increases.
“changes may include certain statewide market and product exits…”
Lost nearly a billion on exchanges.
Big government never contracts. It only grows more powerful
It’s only a “ban” until it becomes inconvenient