In its fourth-quarter earnings report Wednesday, Anthem said its net income fell 64 percent, in part because of challenges tied to its individual business. Its government business, however, continues to perform well, as its operating revenue rose 17 percent in the quarter.
The average premium cost for Affordable Care Act plans available on Healthcare.gov is now $408 per month before advance premium tax credits are applied, and $113 after they're applied, according to a new report from the Department of Health and Human Services.
Though health insurers have pressured the government to tighten its rules governing the Affordable Care Act's special enrollment periods, doing so may not be in the best interests of consumers or health plans.
The federal government has made good on its pledge to tighten the rules for the Affordable Care Act's open enrollment periods amid health insurers' complaints about customers gaming the system.
Though its other business lines continue to perform well, UnitedHealthcare lost $720 million on its Affordable Care Act-compliant plans in 2015, the country's largest insurer said in its fourth-quarter earnings report Tuesday.
Though recent financial news for health insurers has been less than upbeat, the CEOs of Anthem and Aetna were optimistic about both their 2016 outlook and the individual market during presentations at the JP Morgan Healthcare Conference Tuesday in San Francisco.
In response to health insurers' concerns about the Affordable Care Act special enrollment periods, the federal government plans to tighten its regulations to thwart "bad actors" on the exchanges who can be costly to the plans covering them.
Among the slew of criticisms highlighted in recent comment letters about proposed Affordable Care Act marketplace reforms, one major theme emerges--insurers are very concerned about consumers' use of special enrollment periods.
More than 11.3 million people have chosen health coverage through Healthcare.gov and the state exchanges through Dec. 26, new government data show, though not all news about the Affordable Care Act's enrollment gains is encouraging.
It looks as though change will continue to be a constant in the health insurance industry in 2016. After all, this is the age of the Affordable Care Act, a massively disruptive force that continues...