Affordable Care Act Marketplaces are Losing Coverage Options

Affordable Care Act: 45 Counties in the United States are losing carriers, while others are losing options.


Image Courtesy of Zero Hedge


Since its passing in 2010, the Affordable Care Act has been a point of contention among not only Democrats and Republicans, but the public and private sectors of the health industry as well, specifically between the legislation itself concerning the converge it mandates and the insurance companies themselves who provide care.

In recent months, however, the profitability and logistics of providing coverage in some areas of the country has proved tumultuous for these companies, to say the least. As a result, they’ve decided to start pulling themselves out of these areas, effectively ending their commitments to provide coverage to the individuals who reside there.

This has opened a massive void in the states of Ohio, Missouri, and parts of Washington state, where a cumulative of over 45 counties will have no medicare provider under the Affordable Care Act. This puts thousands of people at risk of having no insurance, and with the recent blackouts, leaves approximately 3 million other citizens in 1,388 counties with only once choice in provider.

This is a huge problem, according to research done by the Robert Wood Johnson Foundation and Urban Institute, as most counties with only one provider are subjected to sometimes lackluster coverage and a more narrow variety of options and plans to choose from.

Although most American receive their insurance from a private resource such as work or government programs, 22 million people buy their policies directly from Obamacare, leaving a huge gap in coverage when insurance companies decide to back out of markets. Conversely, those who buy plans directly from an insurer or broker, will not be effected by these changes.

With the turmoil in the capitol spinning the heads of insurance providers, the market seems unsure in terms of what policies and carriers will be available to consumers in the 2018 fiscal year. With an estimated 10,000 citizens turning 65 every day, the issue of coverage and provider in the limbo between the repeal of the Affordable Care Act and the implementation of the American Health Care act becomes more pressing with each passing week leading up to open enrollment.

Information in this post was provided by the New York Times in an article published on June 13th, 2017 as well as ZeroHedge