Fierce Healthcare June 4, 2019
Many insurers plan to up their Affordable Care Act offerings in 2020.
Insurance companies plan to up their number of Affordable Care Act (ACA) plans available in 2020, according to eHealth’s latest survey (PDF) of health insurance companies on enrollment trends.
As of May, 45% of insurers said they intend to add to the number of ACA plans they will offer in 2020, compared to 21% who added plans for 2019. Overall, 60% said they plan to “broaden” their participation in the markets next year.
So why expand? A majority, 78%, said expansion aligns with the overall company mission; 44% said because the market has stabilized; and 33% intend to expand because the ACA market has become profitable for their...
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