Major Health Insurers Abandon ObamaCare Exchanges

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Ep9_TrainWreckAnthem Blue Cross, Aetna, United Health Group, and Humana have all decided against participating in various states’ ObamaCare health insurance exchanges. The exchanges, which are scheduled to begin operation on October 1st, will be the only place Americans can purchase health insurance using federal subsidies granted by President Obama’s signature healthcare reform law.

According to ObamaCare’s individual mandate, all Americans are required to purchase a government-approved health insurance plan. Americans who do not obtain health insurance through an employer or Medicaid must purchase it through the exchanges in their home state. Some exchanges will be run by the state government, while others by the federal government or a combination of the two.

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Share Your Thoughts One Response to “Major Health Insurers Abandon ObamaCare Exchanges”
  1. 1
    Scott says:

    If you make less than 15k per year, the Bronze plan is fully subsdized in SC. However, with a $5000 deductible + 40% co-pay, you still can’t afford to go to the doctor. Obamacare doesn’t really help those who can’t afford insurance. All it does is transfer money from the U.S. Treasury directly into the coffers of the Insurance companies, the same companies who were instrumental in writing the law.

    It’s a big scam folks!


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