UPDATE: It turns out that Humana is not dropping out of Michigan entirely; they're only dropping their PPO plans, not their HMOs.
I noted last month that like UnitedHealthcare, Humana is pulling out of the individual market in multiple states next year. Unlike United, however, both the number of states and the number of enrollees impacted by Humana's withdrawl is fairly nominal; at the time I counted 5 states and around 25,000 total enrollees. Since then, Humana has confirmed that they're also dropping out of Colorado (9,914 enrollees), for a total of roughly 35,400 people nationally.
Today, I've confirmed that Michigan can be added to the list, impacting 1,717 people enrolled in off-exchange PPO plans. This brings the total to around 37,000 nationally:
Here's some relatively good news! Ohio's 2017 requested rate filings have finally been published, and considering that some other states are looking at weighted average requested increases of 30%, 40% or even as high as 56%, Ohio's 13.1% average is actually refreshingly low by 2017 standards.
It's actually even better than that, because as you can see below, I haven't been able to track down the actual current membership number for "Buckeye Community Health" (aka Ambetter)...and Buckeye is asking to lower their rates slightly, by around 1% on average. To get an idea of how this could impact the statewide average:
Assuming 0 enrollees: No impact at all; 13.1% average.
Assuming 10,000 enrollees: Would reduce avg. to 12.4%
Assuming 50,000 enrollees: Would reduce avg. to 10.1%
Assuming 100,000 enrollees: Would reduce avg. to 8.1%
Again, without knowing how many people Buckeye/Ambetter actually has currently enrolled, it's impossible to say what the weighted statewide average is...but I can say that it's no more than 13.1%.
Oregon was the second state to publicly announce the rate changes their carriers are requesting for the 2017 individual and small group markets. The overall weighted average request on the individual market side came in at a requested 27.5% increase, while the small group market requests had an average increase of just 1% overall (I didn't weight the small group enrollment numbers at the time, but have done so below).
Yeah, yeah, I know; a test server for Healthcare.Gov was successfully hacked into recently; no sensitive data was stolen, but Security was Breached, etc etc etc.
No, I'm not shrugging the incident off. I'm the one who called Hawaii's state exchange website out for taking over a week to resolve their own Heartbleed SSL vulnerability last spring. Yes, security is very important, especially with personal financial, medical and citizenship data. Hopefully the HHS techies are eliminating vulnerabilities, beefing up security and so forth.
I'm swamped with my day job at the moment, so I don't have a whole lot to add to the discussion at the moment...
The Affordable Care Act's exchanges have not been a bust for every health insurer. Florida's Blue Cross and Blue Shield affiliate made a profit of almost a half-billion dollars on the ACA's new individual plans last year.
The substantial ACA exchange losses exhibited by large health insurers—such as Health Care Service Corp., Highmark, Humana and UnitedHealth Group—have emboldened the law's critics and worried investors about whether the new marketplaces will ever achieve sustainability.
Yet many other companies, including Medicaid insurers Centene Corp. andMolina Healthcare and now Florida Blue, have had no difficulties making money on the new ACA plans, which often have narrow networks of hospitals and doctors as well as high deductibles.
I already knew that Massachusetts was among the 30-odd states that UnitedHealthcare was dropping out of. However, it turns out that United is currently covering fewer than 500 of MA's exchange enrollees (considering that MA's entire individual market was only 72,000 people 2 years ago, and exchange enrollment alone is currently 224,000, I'd imagine that there aren't too many off-exchange United enrollees on top of those 500).
In addition, Guardian and MetLife are dropping off of MA's dental policy exchange, although according to their monthly report, neither one has any market share via the exchange this year anyway (Altus and Delta seem to make up 100% of the total). (correction: I was looking at the individual dental exchange; Guardian/MetLife are on the small group exchange this year)
The MA exchange reports an impressive 94% enrollment retention rate year over year:
The Massachusetts Health Connector has posted their latest monthly enrollment report, and the news is good. As I note every month:
Unlike most states, the Massachusetts Health Connector has not only seen no net attrition since the end of Open Enrollment, but has actually seen a net increase in enrollment...mainly due to their unique "ConnectorCare" policies, which are fully Qualified Health Plans (QHPs) but have additional financial assistance for those who qualify and which are available year-round instead of being limited to the open enrollment period.
House Republicans’ ObamaCare replacement plan will not include specific dollar figures on some of its core provisions, and will instead be more of a broad outline, according to lobbyists and aides.
The plan, set to be released next week, will include a tax credit to help people afford insurance and a cap on the current exclusion of employer-based health insurance plans from taxation.
However, it will not include specific dollar amounts on how large the tax credit would be, nor will it note which employer health insurance plans would be subject to taxation, lobbyists and aides said.
Speaker Paul Ryan’s (R-Wis.) office declined to comment on the plan ahead of its release next week, and noted it is still being finalized.
Republicans have said previously they will not be introducing their ObamaCare replacement plan in the form of a bill, but will instead release a white paper that is less detailed than legislation would be.
CMS Announces $22 Million in Affordable Care Act Funding for State Insurance Departments
Awards will help states enforce Affordable Care Act consumer protections
Health insurance companies that want to raise rates more than 10 percent next year will get an extra dose of scrutiny from Alabama regulators this year – for the first time since the marketplace launched in 2013.
Under Obamacare, states were supposed to implement systems for reviewing, and in some cases rejecting, rate increases that exceed 10 percent. Alabama was one of six states that didn't create an effective rate review program, despite receiving a $1 million grant to bolster oversight at the Department of Insurance, according to the Centers for Medicare & Medicaid Services.
