Posted by Brandon Jarvis
Today Anthem made a bombshell for Virginians. Here is there statement;
“Today, planning and pricing for ACA-compliant health plans has become increasingly difficult due to a shrinking and deteriorating Individual market, as well as continual changes and uncertainty in federal operations, rules and guidance, including cost sharing reduction subsidies and the restoration of taxes on fully insured coverage,” Anthem said in a statement Friday afternoon. “As a result, the continued uncertainty makes it difficult for us to offer Individual health plans statewide in Virginia.”
“Anthem leadership informed me this afternoon about its decision to leave the federal insurance exchange in Virginia, citing the President’s threats to cut off cost-sharing reduction payments to insurers and his deliberate efforts to dismantle the individual insurance market. It’s unfortunate Anthem felt it could no longer participate in the exchange because of the uncertainty created by the President and Congress. Today’s decision will result in more than 200,000 Virginians losing their quality, affordable coverage through Anthem, representing approximately half of the Virginians who purchase insurance on the exchange.
“I again urge the Administration to stop playing politics with people’s lives and come together in a bipartisan way to provide certainty for insurers that cost-sharing reduction payments will continue to be funded through 2018, in order to stabilize the marketplace in the short term. Congress and the Administration must immediately take action to stabilize the health insurance market in Virginia and across the nation, or risk further harm to the millions of Americans who rely on the exchanges for affordable coverage.”