Citing Obamacare Uncertainty, Another Insurer Pulls Plans From Nevada and Georgia
U.S. health insurer Anthem Inc (ANTM.N) said on Monday it will no longer offer Obamacare plans in Nevada's state exchange and will stop offering the plans in nearly half of Georgia's counties next year.
The moves come after Republican senators last month failed to repeal and replace Obamacare, former President Barack Obama's signature healthcare reform law, creating uncertainty over how the program providing health benefits to 20 million Americans will be funded and managed in 2018.
Hundreds of U.S. counties are at risk of losing access to private health coverage in 2018 as insurers consider pulling out of those markets in the coming months.
Nevada had said in June that residents in 14 counties out of 17 in the state would not have access to qualified health plans on the state exchanges. Anthem's decision to leave the state entirely does not increase the number of "bare counties" in the state, Nevada Insurance Commissioner Barbara Richardson said in a statement.