Obamacare could attract more insurance carriers in 2015 | Arkansas Blog

Wednesday, April 16, 2014

Obamacare could attract more insurance carriers in 2015

Posted By on Wed, Apr 16, 2014 at 9:39 AM

With enrollment in the marketplaces created by the Affordable Care Act topping 7 million, Politico reports that "insurers see brighter Obamacare skies": 

Insurers saw disaster in the fall when Obamacare’s rollout flopped and HealthCare.gov was a mess. But a strong March enrollment surge, along with indications that younger and healthier people had begun signing up, has changed their attitude. Around the country, insurers are considering expanding their stake in the Obamacare exchanges next year, bringing their business to more states and counties. Some health plans that skipped the new marketplaces altogether this year are ready to dive in next year.

At least two major national insurers intend to expand their offerings, although a handful of big players like Aetna, Humana and Cigna, are keeping their cards close for now. None of the big-name insurers have signaled plans to shrink their presence or bail altogether after the first rocky year. And a slew of smaller health plans are already making moves to join more states or get into the Obamacare business for the first time.

More carriers and more competition could lead to lower premiums and more choices for consumers, as well as driving down the costs to the federal government of the subsidies to help low- to moderate-income people pay for their premiums. Ultimately, this is a state-by-state issue — while we often report on the big national numbers, there isn't one big marketplace, there are 51 unique marketplaces.  Here in Arkansas, the private option has saved the day, providing more than 100,000 customers (enrollment in the Arkansas Health Insurance Marketplace has otherwise lagged, with a little more than 40,000 enrollees). The state currently has four carriers (but only Arkansas Blue Cross Blue Shield and the national BCBS are statewide, leaving many counties without much in the way of competition). One of the biggest questions for both the private option and the Marketplace will be whether the state can attract additional carriers in the coming years (and keep the ones here now). 


Tags: , , , , , , , ,


Sign up for the Daily Update email
Favorite

Comments

Showing 1-1 of 1

Add a comment

 
Subscribe to this thread:
Showing 1-1 of 1

Add a comment

More by David Ramsey

  • Authorities investigate accusation against Dean Elliott

    An accusation has been lodged against Dean Elliott, the Dillard's lobbyist and former state representative who is running for the District 15 seat in the state Senate, by a woman who claims that he was involved in a 2016 hit and run incident on Tennyson Drive in Conway that left her with severe injuries. Through a lawyer, Elliott says the allegation is false and politically motivated.
    • May 17, 2018
  • Rep. Jana Della Rosa disputes that Randell Shelton's Paradigm Consulting was a "bogus company"

    During the trial of former state Sen. Jon Woods and consultant Randell Shelton, the prosecution described Shelton's Paradigm Strategic Consulting as a "bogus company." But Rep. Jana Della Rosa, who paid Paradigm in 2014 for help with campaign messaging, said that Shelton did legitimate work for her.
    • May 16, 2018
  • A senator's vanity

    Spotted in Little Rock...
    • May 16, 2018
  • More »

Readers also liked…

  • Women's March planned in Arkansas to mark Trump inauguration

    Speaking of Donald Trump and in answer to a reader's question: There will be a women's march in Arkansas on Jan. 21, the day after inauguration, as well as the national march planned in Washington.
    • Dec 30, 2016
  • French Hill votes against disaster aid to Puerto Rico

    Republican U.S. Rep. French Hill alone among Arkansas's House delegation voted last week against a measure that provided $36.5 billion in disaster aid, a portion  for hurricane-ravaged Puerto Rico as well as money for wildfire response and to support the flood insurance program.
    • Oct 14, 2017
  • Trump immigration protest at LR: Quick and fierce

    It was not even 24 hours ago that Sophia Said, director of the Interfaith Center; City Director Kathy Webb and others decided to organize a protest today of Donald Trump's executive order that has left people from Muslim countries languishing in airports or unable to come to the US at all — people with visas, green cards,a  post-doc graduate student en route to Harvard, Google employees abroad, families. I got the message today before noon; others didn't find out until it was going on. But however folks found out, they turned out in huge numbers, more than thousand men, women and children, on the grounds of the state Capitol to listen to speakers from all faiths and many countries.
    • Jan 29, 2017

Most Viewed

Most Recent Comments

Slideshows

 

© 2018 Arkansas Times | 201 East Markham, Suite 200, Little Rock, AR 72201
Powered by Foundation