Obamacare Will Probably Cost More in 2017, Top Insurer Says
- Anthem says its rivals charge unsustainably low rates
- Fourth-quarter profit falls as medical costs rise in ACA plans
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Anthem Inc., the second-largest U.S. health insurer by membership, said premiums for Obamacare insurance probably will go up next year.
Anthem is eking out a small profit from selling policies to individuals under the Affordable Care Act. Many of its rivals aren’t, though, which means prices have to go up, the company told investors and analysts on Wednesday.