(WWBT) - Anthem Blue Cross and Blue Shield said on Friday that it will be scaling back on individual coverage in Virginia in 2018. This will only affect plans on the individual exchange under the Affordable Care Act (ACA).
Anthem said it will reduce the 2018 individual plan offering and only offer off-exchange plans in Washington and Scott counties, and the city of Bristol.
In a statement, the company said the reason for the pullout is due to "planning and pricing for ACA-compliant health plans has become increasingly difficult due to a shrinking and deteriorating individual market, as well as continual changes and uncertainty in federal operations, rules and guidance, including cost sharing reduction subsidies and the restoration of taxes on fully insured coverage."
Anthem has already scaled back on healthcare marketplace offerings in Indiana, Ohio, and Wisconsin due to an unstable individual market for plans operating under the ACA.
Aetna pulled out saying it lost $160 million from the exchanges last year and expects to lose $200 million this year.
United Health Group pulled out citing similar reasons.
In July, Senate Republicans failed to repeal Obamacare several times. They did not have enough votes to do so.
Virginia Governor Terry McAuliffe released the following statement:
Virginia Lieutenant Governor Ralph Northam released a statement:
Virginia House of Delegates Speaker William J. Howell (R-Stafford) released a statement:
U.S. senators Mark Warner and Tim Kaine released a statement:
Here's the full statement from Anthem:
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