This week, Anthem Inc. (NYSE: ANTM), one of the nation’s biggest health insurers, announced that it will leave Ohio's public insurance exchanges in 2018. The announcement will leave people in 20 countries without a choice to buy individual coverage except for another insurer to get involved.
Currently, Anthem covers over 1 million people through the exchanges in the United States, and it offers Blue Cross-Blue Shield coverage in New York and California. The company, together with many other insurers, said that they are concerned about the future of the exchanges, which consist of only a small part of their business but generate steep losses for them as well as increasing prices for customers.
Alleigh Marre, the spokeswoman of Trump administration, said that Anthem's decision “is a stark reminder that Obamacare is collapsing.”
According to Chris Brock, the spokesman of Ohio Department of Insurance, Anthem is the only insurer selling health insurance exchange products in all 88 counties in Ohio in 2017, and the move of exiting Ohio market will leave around 10,500 people with no insurer.
Anthem is not the only insurer to leave the exchanges. Other larger health insurers, including Aetna and Humana will also leave other areas in 2018.