Post by Logan on Jul 3, 2016 19:46:48 GMT -6
COLUMBIA — With insurers struggling to make money and access to plans severely limited, top South Carolina health officials warn the Obamacare health insurance marketplace is on the verge of collapse.
Obamacare was supposed to create a competitive platform for customers to shop for coverage. But in most South Carolina counties, HealthCare.gov more closely resembles a monopoly dominated by the largest private health insurance company in the state — BlueCross BlueShield.
Next year, access to Obamacare in South Carolina will likely become even more limited. United Healthcare, which sells Affordable Care Act plans in five counties and in several other states, has announced it will leave most markets in 2017. The company estimates it lost $475 million on Obamacare customers across the country last year.
Other companies have come and gone since the federal marketplace opened for business in 2013. One of the most popular insurers — Consumers’ Choice Health Plan — closed last year. Many of these companies claim they can’t make money on these often-sick patients.
Read more: www.postandcourier.com/20160702/160709984/health-care-experts-question-future-of-obamacare-marketplace-in-south-carolina
Obamacare was supposed to create a competitive platform for customers to shop for coverage. But in most South Carolina counties, HealthCare.gov more closely resembles a monopoly dominated by the largest private health insurance company in the state — BlueCross BlueShield.
Next year, access to Obamacare in South Carolina will likely become even more limited. United Healthcare, which sells Affordable Care Act plans in five counties and in several other states, has announced it will leave most markets in 2017. The company estimates it lost $475 million on Obamacare customers across the country last year.
Other companies have come and gone since the federal marketplace opened for business in 2013. One of the most popular insurers — Consumers’ Choice Health Plan — closed last year. Many of these companies claim they can’t make money on these often-sick patients.
Read more: www.postandcourier.com/20160702/160709984/health-care-experts-question-future-of-obamacare-marketplace-in-south-carolina