Insurer leaves Michigan health exchange, citing volatility
The news came the same day a
"Market volatility and uncertainties have made it difficult for insurers to effectively plan for and provide affordable individual health plans," HAP President and CEO
HAP will keep selling individual coverage outside of the government market. It had planned an average 24 percent rate increase across its plans next year — less than a projected 28 percent hike among all health insurers if Trump follows through on a threat to cut billions of dollars in subsidies. If the cost-sharing payments continue for deductibles and copays, an industry group estimates the premium increases will average about 15 percent.
Also Friday, Democratic Rep.
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"These cuts will be absolutely devastating for Michiganders who are looking for assistance in enrolling in health insurance," Levin said. "This is just the latest example of the Trump administration attempting to sabotage the (Affordable Care Act) — this time at the particular expense of the health of Michiganders."
The administration has said the government hasn't gotten much bang for its buck with ACA advertising and the navigator program. Of HAP's decision to depart
This story has been corrected to reflect that before Friday's announcement, there were nine insurers, not 10, that had been planning to sell plans on the government exchange.
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