Insurer predicts thousands will leave health care market

Insurer predicts thousands will leave health care market

“.a 60 year old person who earned about $43,000 a year, not quite Medicare age, not impoverished but not on Medicaid either, you’re going to be cut off from any tax credit help whatsoever under the new Senate health care bill.” .

The two companies are all that remain in the exchange after Anthem and MDwise announced Wednesday they had made a decision to drop their in exchange plans, citing regulatory uncertainty.

That leaves CareSource Indiana Inc. and Celtic Insurance Company as the last two providers.

Harvard Pilgrim Health Care is requesting the largest increase – an average of just under 40 percent. But others may see as much as a 12 percent increase. MHS pegs their average premium at $452.

Four Indiana counties – Grant, Posey, Warrick and Wayne- could have no exchange options next year without Anthem and MDwise, according to data compiled by The Associated Press and consulting firm Avalere. Gary Young, JD, PhD, director of the Northeastern University Center for Health Policy and Healthcare Research at Boston-based Northeastern University, and colleagues studied IRS filings for more than 1,700 nonprofit hospitals including information on charity care, bad debt and Medicaid payment shortfalls.

Health policy consultant Mitchell Stein says uncertainty leads to higher insurance rates. The mandate is seen as crucial to encouraging healthy people to enroll and balance the costs an insurer incurs from people who use their insurance.

It could be an intense week of debate in Washington over the repeal and replacement of the Affordable Care Act.