Posted by Michael Wonder on 10 Jul 2017
Fewer issuers apply to participate in Health Insurance Exchanges for 2018
10 July 2017 - Less choice for consumers as issuer health plan applications drop 38 percent from last year.
The Centers for Medicare & Medicaid Services today announced 141 individual market qualified health plan issuers submitted initial applications to offer coverage using the Federally-facilitated Exchange eligibility and enrolment platform in 2018. At the initial filing deadline last year, 227 issuers submitted an application compared to 141 this year, a 38 percent drop in filings.
“This is further proof that the Affordable Care Act is failing,” said CMS Administrator Seema Verma. “Insurers continue to flee the Exchanges, causing Americans to lose their choice for health insurance or lose their coverage all together. These numbers are clear: the status quo is not working. The American people deserve healthcare choices and access to quality, affordable healthcare coverage.”
