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Health insurers set to increase presence on Obamacare exchanges

  • Some health insurers intend to join more state Obamacare exchanges next year, a development that could lead to more moderate price increases, or even prices falls, as competition increases.
  • In Washington state, for example, four insurers plan to sell coverage for the first time in 2015, while in Indiana, the number of providers could double to eight.
  • Of the insurers, UnitedHealth Group (UNH) is set to offer new plans in the states mentioned, adding to five exchanges that it already operates on.
  • The providers could be hoping to benefit from "second-mover" advantage whereby they will look to sign up the increased number of younger and healthier people who are forecast to purchase coverage next year as the penalty for not doing so increases. Those who are in worse health and bought coverage last year are expected to remain with their existing plans.
  • Meanwhile, the Center for American Progress (CAP) think tank, which is close to the White House, has called for President Obama to appoint a CEO with private-sector experience to oversee Obamacare's federal and state online health insurance exchanges. The idea is that the exchanges would run as e-commerce sites. The CEO would also oversee insurers and market regulations, although not Medicare or Medicaid. (CAP report)
  • More on Obamacare
  • Health insurers: AET, HNT, HUM, UNH, WLP, MO
  • ETFs: XLV, XHE, VHT, FXH, IHF, IHI, IYH, PTH, RYH, PSCH, RXL, RXD, XHS
Comments (8)
  • ara1029
    , contributor
    Comments (126) | Send Message
     
    still baffled as to why MO is STILL listed here.... was it supposed to be funny? Joke is getting old now... actually, no it's not- still LOL!
    18 May, 05:16 AM Reply Like
  • Zebra 365
    , contributor
    Comments (62) | Send Message
     
    ara1029: I get the joke. I think they meant to put in MOH - Molina, big in Medcare/caid and moving on to the exchanges.
    18 May, 06:57 AM Reply Like
  • ara1029
    , contributor
    Comments (126) | Send Message
     
    ah, I see. If there is an alert option for MOH, it's getting short-changed! One would think S.A. would correct it by now, right?!

     

    Still, it's funny to see MO listed as a HEALTH INSURER!
    18 May, 08:57 PM Reply Like
  • JDDurango
    , contributor
    Comments (137) | Send Message
     
    The message is that you should start smoking in order to deal with the anxieties you're about to experience with Obamacare.
    18 May, 09:26 AM Reply Like
  • AnAvgJoe
    , contributor
    Comments (264) | Send Message
     
    Now THAT'S funny JD!
    18 May, 10:13 AM Reply Like
  • DavidWrightLIVE
    , contributor
    Comment (1) | Send Message
     
    "The CEO would also oversee insurers and market regulations..." So, the federal government will be taking over the individual states' rights to oversee the insurance industry within their own borders?
    18 May, 11:27 AM Reply Like
  • BenefitLobby
    , contributor
    Comment (1) | Send Message
     
    Does this signal a greater willingness for this same group to participate more broadly in the Private Exchange marketplace?
    18 May, 11:43 AM Reply Like
  • maybenot
    , contributor
    Comments (3294) | Send Message
     
    Obamacare. Obamacare. Obamacare.

     

    My, oh, my...just think, even when Mr. Obama leaves office, it will still be on our lips.

     

    Obamacare. Obamacare...

     

    Not sure about UNH, but in another related sector I am long HCP, VTR, NHI.

     

    Also, interesting how those health insurers have done quite nicely since the 2012 election results were confirmed. Odd how that is.
    18 May, 01:21 PM Reply Like
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