Like the Affordable Care Act (ObamaCare) or not, it’s impossible to deny that many exchanges — and consumers — are facing down a crisis. According to HHS, the number of participating insurers is down 38 percent this year. Just this month, Anthem BlueCross BlueShield announced it was leaving Nevada’s exchanges, and insurance companies nationwide are struggling with uncertainty over whether the Trump administration will pay out billions in expected federal subsidies.
Most worrisome is that the individual market itself appears to be shrinking, and 2.4 million Americans will have only one available insurance option. Average rate increases are, for the second straight year, expected to be in the double-digit range in 2018.
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