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WASHINGTON, DC – While some claim Obamacare’s withering markets are stabilizing, the Centers for Medicare & Medicaid Services (CMS) released new analysis today showing that fewer health insurers are applying to participate in Obamacare’s exchanges next year.
The findings aren’t surprising, particularly after the 19th (of 23) CO-OPs announced in recent weeks that it will shutter its doors come January. The closure of all but four CO-OPs has cost taxpayers more than $2 billion.
CMS’ analysis shows that only “141 individual market qualified health plan (QHP) issuers submitted...