If the subsidies ended in 2018, the lack of funding “would cause further market instability,” Mr. Swedish
- 7 years ago
If the subsidies ended in 2018, the lack of funding “would cause further market instability,” Mr. Swedish
said, which would make the company’s participation in the federal market “even more challenging.”
While the Republican-controlled Congress and President Trump insist
that the markets under the Affordable Care Act have been “imploding,” Anthem’s earnings report on Wednesday offered another sign that some markets were stabilizing.
Anthem Threatens to Leave Health Exchanges if Subsidies Are Halted -
By REED ABELSONAPRIL 26, 2017
Even as Anthem, one of the nation’s largest insurers, reported an improved financial picture for the last year, the company warned on Wednesday
that it would consider leaving some federal health care marketplaces or raising its rates sharply if the government does not continue subsidies to help low-income people.
In comments this week on CNBC, Express Scripts’ chief executive, Timothy C. Wentworth, said
he would like to keep Anthem’s business, adding, “We’ve given them terrific service.”
In its call with investors, Anthem seemed to suggest that it had not decided which company it would pick to handle its drug business.
While Mr. Swedish praised some of the steps that have been taken to stabilize the markets, he also urged the Trump administration
and Congress to eliminate the tax on health insurance as a way of keeping premiums lower and to create a reinsurance program or high-risk pool to help insurance companies pay claims for people with very high medical expenses.
Joseph R. Swedish, the company’s chief executive, set a deadline of early June for a decision on
the subsidies, saying Anthem would weigh increasing rates by at least 20 percent next year.
said, which would make the company’s participation in the federal market “even more challenging.”
While the Republican-controlled Congress and President Trump insist
that the markets under the Affordable Care Act have been “imploding,” Anthem’s earnings report on Wednesday offered another sign that some markets were stabilizing.
Anthem Threatens to Leave Health Exchanges if Subsidies Are Halted -
By REED ABELSONAPRIL 26, 2017
Even as Anthem, one of the nation’s largest insurers, reported an improved financial picture for the last year, the company warned on Wednesday
that it would consider leaving some federal health care marketplaces or raising its rates sharply if the government does not continue subsidies to help low-income people.
In comments this week on CNBC, Express Scripts’ chief executive, Timothy C. Wentworth, said
he would like to keep Anthem’s business, adding, “We’ve given them terrific service.”
In its call with investors, Anthem seemed to suggest that it had not decided which company it would pick to handle its drug business.
While Mr. Swedish praised some of the steps that have been taken to stabilize the markets, he also urged the Trump administration
and Congress to eliminate the tax on health insurance as a way of keeping premiums lower and to create a reinsurance program or high-risk pool to help insurance companies pay claims for people with very high medical expenses.
Joseph R. Swedish, the company’s chief executive, set a deadline of early June for a decision on
the subsidies, saying Anthem would weigh increasing rates by at least 20 percent next year.