Another insurer is backing out of Obamacare as the plan continues to implode.
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More from Newsy:
Anthem said in a statement Monday it was leaving Nevada’s exchange because “planning and pricing for ACA-compliant health plans has become increasingly difficult due to a shrinking and deteriorating individual market, as well as continual changes and uncertainty in federal operations, rules and guidance, including cost sharing reduction subsidies and the restoration of taxes on fully insured coverage.”
The company had previously backed out of 14 rural counties in the Silver State. That left those counties “bare,” or without an Affordable Care Act option for next year.
Part of the health care market’s volatility comes from President Donald Trump’s threats to cut off subsidies that allow insurers to offer less expensive coverage to low-income customers. At least three Republican members of Congress have pushed back against that strategy.
Just in time for the midterms!!!