Humana to pull out of Obamacare market entirely in 2018

Humana to pull out of Obamacare market entirely in 2018

[Ed. – After significantly reducing its presence this year, the insurance major plans to cut the cord.]

The insurer said it would offer plans through 2017, but that the market has not stabilized enough to participate next year.

Humana said it was losing money from taking on too many sick people without enough healthy people to balance the pools. …

Humana scaled back its exchange participation to 11 states and 156 counties in 2017, down from 1,351 counties in 19 states the previous year.

The withdrawal will have a big impact in Tennessee, where it is the only exchange insurer in several countries.

Humana is also one of only two insurers in dozens of counties in states like Mississippi and Georgia.

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