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Monday, Nov 23 2015

Full Issue

Key Insurers On Health Law Exchanges Reaffirm Commitment To That Market

Despite the announcement by UnitedHealthcare on Thursday that it might leave the marketplaces set up by the health law, insurers Aetna, Anthem and Molina said they are meeting expections in their marketplace business.

Health insurers Aetna Inc. and Anthem Inc. on Friday said their individual commercial businesses have performed within expectations lately, a day after UnitedHealth Group Inc. said it was considering exiting the Affordable Care Act鈥檚 exchanges. The statements could be a sign that big problems with business on government exchanges aren鈥檛 widespread across insurers. (Becker, 11/20)

Health insurers rallied Friday to ease investor and customer concerns about the Affordable Care Act's public insurance exchanges a day after the nation's biggest insurer questioned its future in that still-developing market. Blue Cross-Blue Shield insurer Anthem and Medicaid coverage provider Molina Healthcare both said they are making money off their exchange business, and Anthem joined Aetna, the nation's third-largest health insurer, in reaffirming its 2015 earnings forecast. (Murphy, 11/20)

U.S. health insurers Aetna Inc and Anthem Inc on Friday sought to reassure investors that their Obamacare businesses had not worsened after UnitedHealth Group Inc warned of mounting losses in that sector. Aetna and Anthem said their individual insurance businesses, which include the plans created by President Barack Obama's national healthcare reform law, had performed in line with projections through October. Both backed their earnings forecasts for 2015. (Humer, 11/20)

Health insurance giants Anthem and Aetna are standing behind their ObamaCare plans one day after a top competitor warned it might pull out of the exchanges. In a statement on Friday, both companies backed their 2015 forecasts and said they remained committed to the exchanges. (Ferris, 11/20)

Thursday's news that the No. 1 U.S. health insurer, UnitedHealth Group, might withdraw from the health insurance exchanges mandated by so-called Obamacare legislation divided experts into two camps. (White, 11/21)

UnitedHealth may quit the nation鈥檚 insurance exchanges, but Aetna and Anthem say they are staying and will work on problems with the marketplaces. The largest U.S. insurer by market value, UnitedHealth said this week it expects to lose as much as $500 million selling coverage under the Affordable Care Act next year. (Radelat, 11/20)

The possible departure of insurance leader UnitedHealth Group Inc. from the Affordable Care Act signals worsening prospects for hospitals already facing a slowdown in gains from the program. ... Hospitals, including for-profit chains HCA Holdings and Tenet Healthcare, have already agreed to cuts in Medicare reimbursements, expecting they'd see fewer uninsured patients, said Sheryl Skolnick, an analyst with Mizuho Securities USA Inc. in New York. The administration has predicted slow growth in sign-ups under the ACA, and UnitedHealth's announcement suggests insurers are less willing to participate. (Lauerman, 11/20)

UnitedHealth Group's announcement this week that it may pull out of Affordable Care Act exchanges is not expected to have much of an impact on Covered California, experts said, but the move could have serious repercussions in other exchanges. (Lauer, 11/20)

And concerns also continue about the effect of pending mergers among major insurers -

Consumer advocates and antitrust experts are urging state regulators to closely examine the proposed mergers of major health insurance companies, saying they threaten to leave consumers with fewer choices and higher prices. On Friday, David A. Balto, an antitrust lawyer and former federal regulator, asked the National Association of Insurance Commissioners, composed of state officials, to create a working group to help regulators conduct their reviews. (Abelson, 11/20)

This is part of the Morning Briefing, a summary of health policy coverage from major news organizations. Sign up for an email subscription.
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