More evidence that exchange insurance will be like Medicaid insurance.
Who is backing away?
Cigna and UnitedHealth will each offer individual exchange plans in fewer than half a dozen states. Aetna, which earlier this year had said it would participate on the individual exchanges in up to 14 states, has since exited from seven.
Who is entering
Seven of the 10 plans in New York filed with the state so far are new entrants… In California, eight of the 12 insurers are selling commercial insurance to individuals for the first time, according to McKinsey. Four of Oregon’s 11 insurance plans are new. Statewide in New York, half of the 16 plans are testing the commercial insurance market for the first time.
What they are offering
These companies don’t normally offer insurance on the commercial market and will be relying on their experience managing government programs like Medicaid plans…The newer plans generally offer access to fewer doctors. Molina’s plans in Texas will have about 7,000 physicians. The state’s largest insurer, Blue Cross and Blue Shield of Texas, offers a network with around 40,000 physicians. (WSJ)