Aetna reverses course, files to offer Obamacare policies in Nevada

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The insurance titan has filed to offer Obamacare policies in Nevada in 2018. The move comes a month after which announced which was pulling out of all the states where which offers Obamacare coverage which year.

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Aetna (AET) agreed to participate on the Nevada exchange to help which win a contract to offer Medicaid policies inside the state. Nevada gives insurers extra points inside the Medicaid bidding process if they also agree to participate on its exchange. Nevada is usually one of 11 states which runs its own exchange, rather than using the federal marketplace, healthcare.gov.

The carrier, however, still won’t fully commit to Obamacare. Insurers have until mid-September to sign their contracts, locking in their participation for 2018.

“We’ve filed rates based on a contractual obligation with the state, nevertheless no final decision on our participation has been made,” an Aetna spokesman said, declining further comment.

Related: Aetna to Obamacare: We’re outta here

The Nevada Division of Insurance will Discharge insurers’ 2018 rate requests on June 20. The agency expects carriers who won Medicaid contacts to make a not bad faith effort to participate inside the exchange, said Commissioner Barbara Richardson. nevertheless she noted which much is usually in flux in Washington, D.C., which may prompt insurers to change their applications.

Insurers’ involvement in Obamacare is usually becoming a major issue for next year. Several companies, including Humana in addition to some Blue Cross Blue Shield firms, have announced their withdrawals for 2018. which could leave tens of thousands of people in several dozen counties without the ability to buy subsidized coverage on an Obamacare exchange.

President Trump in addition to Republicans repeatedly cite these exits as proof which Obamacare is usually collapsing, though many insurers cite uncertainty inside the White House in addition to on Capitol Hill as a main reason for their departures.

Aetna had been scaling back its participation, pulling out of 11 states because of which year in addition to the remaining four for 2018. which said last month which which expects to lose more than $0 million in its individual business line which year, on top of nearly $700 million in losses between 2014 in addition to 2016. Its CEO, Mark Bertolini, said in February which Obamacare is usually in a “death spiral.”

On another bright note, Centene (CNC) announced Tuesday which which could expand into three more state exchanges. The company plans to enter Kansas, Missouri in addition to Nevada, adding to the six states where which currently operates.

“Centene recognizes there is usually uncertainty of fresh health care legislation, nevertheless we are well positioned to continue providing accessible, high quality in addition to culturally-sensitive health care services to our members,” said Michael Neidorff, the CEO of Centene, which specializes inside the Medicaid market, nevertheless had 1.2 million Obamacare policyholders as of the end of March.

Related: Nearly 19,000 in Missouri could be stranded after insurer pulls out of Obamacare

which’s unclear whether Centene will participate inside the roughly 25 Missouri counties which could be left without an insurer next year. Blue Cross in addition to Blue Shield of Kansas City announced which could depart next year, leaving nearly 19,000 residents without a coverage option unless another insurer steps in.

“We do not have any final details relating to the areas of Missouri in which Centene plans to be active,” said Chlora Lindley-Myers, director of the state’s Department of Insurance.

Centene did not return requests for comment.

sy88pgw (fresh York) First published June 13, 2017: 5:15 PM ET


Aetna reverses course, files to offer Obamacare policies in Nevada

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