Centene to expand Obamacare insurance to 3 new states in 2018

Centene to expand Obamacare insurance to 3 new states in 2018

He touted the GOP healthcare reform bill, known as the American Health Care Act, which he said will repeal taxes and penalties from Obamacare, expand health savings accounts and give states "historic" flexibility to reform Medicaid that will best serve most vulnerable in their communities. That threat has caused insurers to say they'll raise rates for next year, or leave some markets entirely. Despite these challenges, maintaining the status quo is not an option, according to HHS Secretary Tom Price, who also spoke Tuesday and introduced Pence.

It is unclear whether Centene will enter those counties with no insurers.

Anthem Inc (NYSE:ANTM) announced last Tuesday that it will not participate in Ohio's ObamaCare exchange, leaving roughly 20 of the state's counties without any insurers.

"CMS is working with state departments of insurance and issuers to find ways to provide relief and help restore access to healthcare plans, but our actions are by no means a long-term solution to the problems we're seeing with the Insurance Exchanges", CMS Administrator Seema Verma said in a release.

Just last week, Anthem Inc., one of the nation's largest health insurers, said it would stop offering ACA coverage in OH next year.

"The Ohio Department of Insurance is looking at options for 2018 in those counties where there now isn't an insurer planning to sell on the federal exchange", Chris Brock, assistant director of public affairs at the state's insurance department, said in an email.

Disruptions in coverage options lead to fewer consumers retaining their coverage.

Many major insurers have already submitted proposed rate changes that hinge on those cost-sharing reduction payments continuing into 2018, she said. Worse still, as choices under Obamacare continue to drop, premiums keep rising - often by double digits - meaning those lucky enough to have a choice under Obamacare may not even be able to afford the plan they select.

In a visit to OH on June 7, Trump called on Congress to move quickly with its Obamacare replacement bill, which is being revised by the Senate after being passed by the House. Instead, senators said, Trump's primary message was to pass a bill.

House Republicans passed a bill to repeal and replace Obamacare in May. "That's what I'm saying", Trump said during the meeting, which 15 senators attended, according to a pool report. Mike Rounds (R-S.D.). "We have to move forward in order to stabilize that market".

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