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Major insurance carrier announces more state exchange exits as Obamacare continues to collapse

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Major insurance carrier announces more state exchange exits as Obamacare continues to collapse

Anthem Blue Cross Blue Shield announced on Monday it would be exiting the individual marketplace in Nevada and almost half the counties in Georgia.

“While we are pleased that some steps have been taken to address the long-term challenges all health plans serving the Individual market are facing, the Individual market remains volatile,” Anthem’s Corporate Communications Director Kelli Stauning said in a statement.

The company cited increasing health care costs and a shrinking pool of participants along with uncertainty in the federal government’s handling of the law.

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