The company had said it wanted to sell Obamacare policies only if it could charge more than the 17.4 percent average increase regulators have granted for next year.
Earlier this month,
The company's CEO
He said they rescinded the termination letter they'd sent Friday.
"We look forward to continuing to partner with the [Insurance] Department and the exchange to continue to meet this promise and to address the broader policy issues... that affect the sustainability of the health insurance market place."
The morning after announcing
About 100,000 people are covered by policies they bought on the exchange, the only place you can buy individual plans and qualify for a subsidy. More than 75 percent of exchange customers receive a subsidy.
On the Obamacare exchange, Anthem has the largest share. It has about 56,700 customers in the individual market. Anthem, which had requested a 26.8 increase on average, has been granted a 22.4 percent increase on average.
For a 40-year-old who earns
The federal government says that the population covered by
The company said it is looking forward to support from the state exchange to reform the rules around those transfers. Gov.
Both Anthem and
In the documents that Anthem submitted to
The other problem the companies face on the exchange that is unique to that group is that the Obamacare law grants a 30-day grace period of coverage after a customer stops paying premiums. In 2015, 21 percent of Anthem's Obamacare customers didn't pay in December, getting all that month's services for free.
(c)2016 The Hartford Courant (Hartford, Conn.)
Visit The Hartford Courant (Hartford, Conn.) at www.courant.com
Distributed by Tribune Content Agency, LLC.