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BlueCross BlueShield of Tn, Cigna and Humana plan to stay for 2017
Even after losing hundreds of millions of dollars in 2014 and 2015 BCBST, Humana and Cigna are continuing with Obamacare for at least another year in Tennessee. Each carrier has indicated by the May 11th deadline that they would continue offering subsided policies through the marketplace next year. What we don't know yet are the proposed rates for the upcoming year. We should see those in mid October for a November 15th open enrollment season.
Keep in mind, those who receive financial assistance "subsidies" through the Marketplace are shielded from true cost of the insurance and any increases. In 2016 individual BCBST policies went up nearly 40% for the unlucky consumer who did not qualify for a subsidy. Those who did qualify for a subsidy only saw 2-3% increases with the government picking up the difference.