Oscar Health files to expand insurance coverage in several states quoting : Reuters

"We're confident that when the dust settles, the market for health insurance will stabilize in time for 2018," Oscar Health said in its blog post. Working with partner the Cleveland Clinic, the company is looking to sell health insurance in five counties in northeast Ohio in 2018. Of the six states, Tennessee and Ohio would be completely new markets for Oscar. REUTERS/Mike BlakeDespite uncertainly over the future of U.S. healthcare that has prompted major health insurers to pull out of several markets, upstart provider Oscar Health on Wednesday said it has filed to sell health insurance to individuals through Obamacare exchanges in a total of six states in 2018. In a blog post on its website, Oscar Health said it was looking to expand or begin coverage in parts of Ohio, Texas, New Jersey, Tennessee and California and had also filed to continue selling health insurance to businesses, individuals and families in New York in 2018.




CONCORD, N.H. — A health insurance cooperative with 37,000 customers in Massachusetts and New Hampshire is shutting down but hopes to reopen as a for-profit company in January. "Today's announcement by Minuteman Health is more clear evidence that Obamacare has failed and that our nation's health care system demands reform," said New Hampshire's Republican Gov. In Massachusetts, Minuteman is one of the smaller players among 11 companies, said insurance division spokesman Chris Goetcheus. MAINE CO-OP ALSO PULLED OUTMinuteman is the second co-op to stop offering plans in New Hampshire. Policelli said the new company, Minuteman Insurance, is committed to staying in the exchanges in Massachusetts and New Hampshire and to continuing its model of partnering with low-cost, high-quality providers.

Minuteman Health to stop offering insurance in 2018, but seeks 'smooth transition' for members to reorganized provider

"Today's announcement by Minuteman Health is more clear evidence that Obamacare has failed and that our nation's health care system demands reform," Sununu said. "It further underscores why Washington must act now to reform our health care system and take actions to stabilize our individual health insurance market. That program was intended to shift money from health insurance companies with healthier members to insurers with less healthier-than-average members, the company said. Minuteman Health cited a substantial "negative impact" of the ACA's risk adjustment program, especially on co-ops. "Sununu has done exactly the opposite, stoking fear about the future of Minuteman insurance and claiming ACA has failed based on misleading information."


collected by :Lucy William

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