Uncertainty abounds about next year's individual health insurance market
The individual health insurance market covers an estimated 170,000 Minnesotans who don't get insurance through an employer or a government program. "The message is 'stay tuned,' I guess," said Phil Norrgard, chair of the board at MNsure, the state-run health insurance marketplace. Insurers are pushing for a shorter enrollment period to stop people from waiting to buy health insurance until they get sick. MNsure's board could set the open enrollment period next month or wait into the fall to make a decision. Instead, they'll likely be proposing two: one with the effects of a new state program called "reinsurance" and one without.Health insurers had until Wednesday to declare whether they planned to sell coverage next year on exchanges in most states. The Blue Cross-Blue Shield insurer Anthem said Wednesday that it will leave exchanges in Wisconsin and its home state of Indiana. Enough insurers are planning to sell coverage on the Affordable Care Act's insurance exchanges next year to keep them working — if only barely — in most parts of the country. They know that the income-based tax credits that pay most of the insurance bill for some customers shield those people from big price hikes, said Robert Laszewski, a health care consultant and former insurance executive. "What we're seeing is a deterioration in these markets, but the markets haven't imploded, they haven't gone into a rapid downward decline," said Dan Mendelson, president of the consulting firm Avalere.
collected by :Lucy William
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