Anthem May Hasten Obamacare Retreat Without Funding Assurances
- Health insurer wants commitment to cost-sharing payments
- ’Time is of the essence’ for membership, markets, CEO says
Senate Rejects Obamacare Repeal Amendment
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Concerned by the uncertain future of U.S. health care policy, Anthem Inc. warned it may hasten its retreat from Obamacare’s insurance marketplaces unless it sees a firm commitment from the government to fund the program.
Anthem had been an Obamacare stalwart, but it has already moved to leave some states’ marketplaces that account for about 10 percent of its members under the health program. Without assurance of funding of government subsidies that help patients pay out-of-pocket costs, the company may further cut its participation in the Affordable Care Act, Chief Executive Officer Joseph Swedish said Wednesday.