Insurer Centene commits to shaky ACA exchanges for 2018
One health insurer is eager to dive back into the Affordable Care Act’s troubled insurance exchanges next year, even as competitors waver and President Donald Trump tweets doom about the law’s future.
Centene Corp. says its enrollment from the exchanges has swelled 74 percent since last year, up to nearly 1.2 million people.
This comes as competitors like Aetna back away from their exchange business after absorbing steep losses, and others like the Blue Cross-Blue Shield carrier Anthem say they are waiting for signs of stability before committing to 2018. Trump has warned repeatedly about the collapse of the law and its excanges, which provide coverage for around 12 million people.
St. Louis-based Centene sells coverage on exchanges in 12 states. That includes key markets like Florida, Texas and Ohio.