AETNA Leaving California IFP Market 12/31/2013

[AllenChicago]

Story: Aetna to Leave California Individual Insurance Market - WSJ.com

I see now that AETNA/UHC/CIGNA combined, only have 7% of California's Individual Family Plan market. Almost no one at Aetna or in California will lose any sleep over this strategic decision. Probably more states to come, however.
-ac

 

[Yagents]

5 years? This has got to be a california rule. Anyone know what the re-entry wait period is for an FFE?

Reduce competition? Double speak? Why than request the Anthem not participate in SHOP CA?

Aetna to exit a key market in California - latimes.com

The insurance department said Aetna cannot reenter California's individual market for five years after it leaves.
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Still, Jones, the state's elected insurance commissioner, said Aetna's exit "is not good news for California consumers. A competitive market with more choices for consumers is important as we implement the Affordable Care Act and health insurance coverage is a requirement.

 

[Dave020]

Still, Jones, the state's elected insurance commissioner, said Aetna's exit "is not good news for California consumers. A competitive market with more choices for consumers is important as we implement the Affordable Care Act and health insurance coverage is a requirement

Yet in the same breath he wants Anthem Blue Cross and Blue Shield of California specifically excluded from the SHOP Exchange?
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5 years? This has got to be a california rule. Anyone know what the re-entry wait period is for an FFE?

The rule was put into place when child-only coverage was passed into law in 2010. It's state-specific for California.

 

[Quotebroker]

Yet in the same breath he wants Anthem Blue Cross and Blue Shield of California specifically excluded from the SHOP Exchange?
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The rule was put into place when child-only coverage was passed into law in 2010. It's state-specific for California.

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Seems partly punitive, partly to avoid some carrier trying to avoid the initial open enrollment where the worst of the risk is waiting