Anthem is still looking for the federal government’s approval to acquire Cigna, personalized name nba brooklyn nets tumbler another major insurance company. Anthem is currently the largest insurance company participating in the Obamacare exchanges.
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Many insurance companies were worried that if they were required to allow sick people to buy their products, medical costs would get out of hand, and healthy people would leave the insurance personalized name nba brooklyn nets tumbler pool because of rising premium costs. Obamacare’s individual mandate to require people to pay insurance or be subject to a fine was a way of offsetting this worry. The new bill takes out this mandate and, instead, would put in place a fine for “eople who experience a gap in coverage.” The fine of a 30 percent higher premium for a year would be paid to the insurance company. According to Kaiser, this would make it so that people with pre-existing conditions would be guaranteed that their insurance plans would cover their illnesses, but there wouldn’t be a way to guarantee that they could buy the plan.
Anthem, the country’s second biggest health insurance company, has endorsed major parts of the American Health Care Act. This is notable not only for Anthem’s stature, but because major insurance company groups had expressed concerns about the American Health Care Act earlier this week. In a letter from Anthem CEO Joseph Swedish to two House committees, Swedish wrote that the bill “addresses the challenges immediately facing the individual market and will ensure more affordable health plan choices for consumers in the short term.” Anthem expressed further support for provisions in the proposal that “would repeal Obamacare’s health insurance tax, temporarily continue the law’s cost-sharing subsidies, and allow customers to receive tax credits off the Obamacare exchanges.” Swedish wrote, “These provisions are essential and must be finalized quickly to have the intended impact on products and prices to benefit customers.”