Also, more than half of the country -- 55% -- may end up having two or less insurers to choose from on those government-run exchanges.
The research by the Avalere consultancy comes on the heels of announcements by three major insurers — Aetna (AET), UnitedHealth (UNH), and Humana (HUM) — will sharply reduce the number of areas where they will sell individual health plans in 2017.
There are several reasons:
- Financial losses on those plans.
- Failures of most Obamacare co-op insurance plans.
- Lower-than-expected enrollment
- Consumers who are costing insurers a lot in health-care benefits, and
- Troubled programs that were intended to reduce the risks insurers face
Robert Laszewski, Health Policy and Strategy Associates president, discusses his concerns and the impact of major health insurance companies downsizing the number of Obamacare states...