Megan McArdle, Columnist

Anthem Threat Highlights Obamacare’s Big Test

Are the latest premium increases a correction or a trend? For insurers and consumers, the stakes are huge.

Feeling Blue.

Photographer: Andrew Harrer/Bloomberg
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Anthem Inc. is threatening to leave the Obamacare exchanges.

"If we do not see clear evidence of an improving environment and a path towards sustainability in the marketplace, we will likely modify our strategy in 2018,” Anthem Chief Executive Officer Joseph Swedish said on a call Wednesday discussing his company’s third-quarter results. “Clearly, 2017 is a critical year as we continue to assess the long-term viability of our exchange footprint.”