Health insurance company Humana announced Tuesday that it would leave the ObamaCare market in 2018.
The insurer said it would offer plans through 2017, but that the market has not stabilized enough to participate next year.
Humana said it was losing money from taking on too many sick people without enough healthy people to balance the pools.
The decision came after Humana scaled back participation and raised premiums, among other changes.
"All of these actions were taken with the expectation that the company’s Individual Commercial business would stabilize to the point where the company could continue to participate in the program," the company said in a statement.
"However, based on its initial analysis of data associated with the company’s healthcare exchange membership following the 2017 open enrollment period, Humana is seeing further signs of an unbalanced risk pool."
“Therefore, the company has decided that it cannot continue to offer this coverage for 2018. Through the remainder of 2017, Humana remains committed to serving its current members across 11 states where it offers Individual Commercial products. And, as it has done in the past, Humana will work closely with its state partners as it navigates this process.”
This is excellent news. Trump and Republicans are finally working on getting rid of Obamacare. Humana is only the latest insurance company that will drop out to make Obamacare unworkable eventually. Just get rid of Obamacare. Then Trump can deliver on another promise to replace Obamacare with "something better and cheaper".
eek eek. da where is my banana????
Trump needs to pull the plug on this. Do It
I sure would like to see what happened if congress was put back on obamacare i bet the dems would help repeal it
Let's hope that CONGRESS will have the same health insurance as ALL of us have this time around...
ALL government employees should have been on it from the beginning. After all, it was supposed to be the best thing since sliced bread right?
Marilyn ,obuma should be on it from the beginning, along with all of the congress , and any other political office. It might be different then.
I have Humana Insurance and was glad to hear this news, Obamacare was causing me to lose benefits
I read about a couple Obumcare policies in a local newspaper this past week. These subsidized policies were ridiculous in cost. The first was issued to a self-employed nanny who was 24 and had no insurance when she needed an appendectomy and suffered complications. She pays a whopping $40 per month. Guess who pays the rest! Her mother took out a family policy after her husband lost his government contractor job in November, Her family plan costs $108 per month! Seniors pay more for Medicare!!! Taxpayers are getting stiffed for these Obumcare insurance policies as well as insured. If our insurance premiums go up any further, we will be unable to afford insurance. The "affordable care act" is unaffordable!! Pull the plug on it!
Tana you will never see what you said on the news?