Anthem, which said its decision to drop out of the state exchange does not impact individuals or families with grandfathered plans, pointed to the uncertainty surrounding President Donald Trump’s-endorsed GOP plan to replace the ACA, commonly referred to as Obamacare, as the impetus for the move.
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“We are pleased that some steps have been taken to address the long term challenges all health plans serving the individual market are facing, such as improving the eligibility requirements that allow consumers to purchase a plan outside of open enrollment and improved risk adjustment,” Anthem stated. “However, the Individual market remains volatile and the lack of certainty of funding for cost sharing reduction subsidies, the restoration of taxes on fully insured coverage and, an increasing lack of overall predictability simply does not provide a sustainable path forward to provide affordable plan choices for consumers.”
Still, Anthem reserved the right to return to Ohio’s insurance exchange at a later date: “As the Individual marketplace continues to evolve, Anthem will continue to advocate solutions that will stabilize the market to allow us to return to a more robust presence in the future.”