Anthem Reviewing Participation in Obamacare for 2018

Joseph Swedish, CEO of Anthem, says the company is currently evaluating its participation in Obamacare next year because of the uncertainty surrounding the GOP’s repeal efforts, noting that the company may need to pull back in some markets. “We would prefer not to extract ourselves if we can get the math to work,” Swedish said during a health care conference.

Because of the uncertainty surrounding whether or not the Trump administration will continue Obamacare’s payments to insurers, known as cost-sharing reduction subsidies, insurers have threatened to raise premiums or pull out of markets if they don’t receive payments.

 

RESOURCES

Anthem reviewing whether it will participate in ObamaCare next year

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