Anthem, Cigna, Aetna and UnitedHealth Group are all considering their options in offering insurance plans in the state marketplace exchanges. Insures are waiting to find out if federal subsidies will be available under the American Health Care Act or have said they are pulling out the state exchanges. The States, Congress and President Trump are giving them a hefty push. Without payments, rate increases could be substantial.
With the repeal of Obamacare, insurers are having difficulty making decisions to stay or exit. It is estimated that 41% of the counties in the United Sates will have only one insurance option. Rate increases are estimated to be 20% and higher after a 12% increase last year. In some states, the increase is 30%. This leaves millions of healthcare consumers uncertain as to who will provide health insurance coverage.
The Kaiser Family Foundation has developed a tool for the healthcare consumer to estimate health insurance premiums and subsidies for people buying on the marketplace exchanges. In addition, the tool can be used to determine whether you qualify for Medicaid. To access the tool, go to: www.kff.org/interactive/subsidy-calculator.