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Insurers dive into ACA’s exchanges as big names exit
Modern Healthcare

UnitedHealth Group and Humana are bailing on multiple exchanges that sell individual health insurance, and more than half of the not-for-profit co-ops have closed up shop. But other companies are willingly, and quietly, taking their place.

The loss of insurance carriers, many of which have been burned by adverse selection, is problematic for the Affordable Care Act and especially for consumers who live in rural counties and states like Alabama and Alaska, where there is only one option for exchange coverage next year.

Yet many insurers have signaled their intent to expand their exchange operations, and new companies will roll out in areas that have lost competition. While exits have garnered more attention, healthcare experts say the addition and expansion of other insurers shows how the marketplaces are still in their formative years.