Insurers Leaving the Market
Health plans across the country are leaving the small group and individual health insurance markets, forcing people to find other sources of coverage. In this paper, we provide examples of how millions of people in dozens of states already are being negatively impacted by the law — from New York to Colorado, Virginia to Florida, and Connecticut to Indiana. The paper provides an overview of carriers leaving the market; the impact of Obama administration rules on the child-only health insurance market; the disruptions caused by rules governing health premium payouts and “grandfathering;” and the threats to the Medicare Advantage market.
That was a good report. And, yes. The insureres are leaving the market.
I think the situation is going to get a whole lot worse.
I agree with Neil.
This report is right on. It’s too bad.
We are headed toward a single payer system. Once all the private insurers leave the market, only government health insurance will be left.
This is actually kind of scary.
Health plans are in the business of underwriting risk and adjudicating claims — nothing else. When regulations prevent or inhibit the ability of insurers from underwriting risk there is a good chance they will cease to operate in marginal markets.
You know, this was discussed a lot during the debate over the ACA. Most states were already dominated by one or two carriers. This looks more like the continuation of a trend. Also, if you have it, I would like to see evidence that the number of insurers in a market correlates with the cost of premiums.
Steve
Steve
Increasing competition among the insurers by allowing interstate insurance transfers is about the only way to decrease insurance cost to patients
These are oligopolies