More Than 1 Million to Lose Obamacare Plans as Insurers Quit
- Insurers quitting is latest threat to health law’s markets
- Health law has become major focus of Trump, Clinton election
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A growing number of people in Obamacare are finding out their health insurance plans will disappear from the program next year, forcing them to find new coverage even as options shrink and prices rise.
At least 1.4 million people in 32 states will lose the Obamacare plan they have now, according to state officials contacted by Bloomberg. That’s largely caused by Aetna Inc., UnitedHealth Group Inc. and some state or regional insurers quitting the law’s markets for individual coverage.