Anthem, MDwise to pull out of Indiana's Obamacare marketplace
Health insurance carriers MDwise and Anthem both plan to pull out of the state’s health insurance exchange and this could affect at least 70,000 people across the state.
Both companies are blaming uncertainty. Anthem describes the current healthcare market as volatile and shrinking.
Anthem pointed to questions about whether the government would continue to compensate them for out-of-pocket costs for low-income members. MDwise says fewer people than expected signed up for coverage in the first place and in 2016 alone, the company lost $21 million.
MDwise says, with this move, it intends to focus on its larger Medicaid plans available to Hoosiers through Hoosier Healthwise and the Healthy Indiana Plan.
“We should all be able to agree that we want to protect access to affordable health care, and it is now more important than ever that the Senate work together in a bipartisan way to ensure Hoosiers have access to affordable quality coverage,” said U.S. Senator Joe Donnelly for Indiana.
Governor Holcomb says all insurer rates for 2018 will be published Thursday to get a closer look at how much everything will cost.
According to Governor Holcomb, Hoosiers served by these providers under the federal marketplace will keep their coverage through the end of the year, and this action does not apply to those who are insured through their employers or are members of HIP 2.0, Medicaid or Medicare.