Anthem Blue Cross Blue Shield Exits Health Care Exchange

Inc. All right

Inc. All right

Starting next year, the company will only offer one off-exchange plan in one county: Menominee County.

Two of the four insurers now offering plans on Indiana's Affordable Care Act exchange announced Wednesday they were pulling their plans next year, citing uncertainty surrounding the future of Obamacare and volatility in the market.

As in many industries, healthcare relies on predictability and stability, the Indianapolis-based Anthem said in a statement. The company already announced plans to exit Ohio's exchanges due to a "volatile" market for health plans as well as "uncertainty" surrounding the government's stance on Obamacare. Anthem has also left the marketplaces in OH and Wisconsin.

The insurer also said it was anxious about whether the Trump administration will continue paying insurers billions of dollars in reimbursements for subsidies that reduce out-of-pocket health costs to low-income Obamacare customers.

But Friedsam said it's a sign of the uncertainty in health insurance right now in the United States, with insurers like Anthem unsure what the market will look like going forward.

MDwise will focus on its larger Medicaid plans that cover 370,000 members in all 92 Indiana counties enrolled through two state programs, Hoosier Healthwise and the Healthy Indiana Plan.

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Insurer Centene Corp. plans to expand its presence on Indiana's exchange.

The company said offerings will be limited to off-exchange plans in Benton, Jasper, Newton, Warren and White Counties. The state will release the full list of proposed rates - and participating insurers - on Thursday. "If we do nothing, more companies will back out and more people will lose coverage".

Politicians seized the news as a chance to bash Obamacare. "Indiana is one of many states where Obamacare is failing to provide citizens options to affordable, quality healthcare". "This underscores the need for reform, and IN is poised to lead the way if given the flexibility and time to tailor the best solutions".

"You can trace Anthem's decision to the instability President Trump and Republicans in Congress have injected into the health care marketplace", said Democratic Rep. Mark Pocan, of Madison.

Another insurer, MDwise, also announced it was also dropping out of the IN market today.

Anthem now sells Obamacare plans in 14 states.