- May 29, 2009
- Reaction score
- Political Leaning
Losing over 100k customers is not normally a good thing. As has been in the news quite a bit lately, for Obamacare insurers it is.
One of the largest health insurers in the region has seen a significant fall in the number of individual policies sold directly and through the Affordable Care Act marketplace.
Highmark raised premiums on those policies 20 percent this year and sold only 123,000 statewide, compared to 270,000 last year. The insurer is calling the membership drop an achievement, as it has been losing a lot of money on those policies.
However, Highmark’s losses — which are echoed by insurers across the country — represent a continuing challenge for President Barack Obama's health care law, fueling concerns about the potential for premiums to spike or insurers to drop out of the ACA marketplace.
If that happens, consumer advocates say, some people who currently have insurance through the marketplace could be priced out of coverage, leaving them uninsured.[/QUOTE]
Highmark lost half its Pennsylvania Obamacare members this year | Local News | lancasteronline.com