Major payers’ ACA withdrawals leave 1.4M Americans without coverage — 5 highlights

Nearly 1.4 million Americans in 32 states will lose their Affordable Care Act plans next year after leading national payers have exited ACA exchanges, according to Bloomberg.

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Here are five highlights:

1. Aetna and UnitedHealth are among the major insurers that have impacted ACA exchanges in 32 states due to their exits from individual markets.

2. Insurance regulators indicate there will be fewer plans on the ACA exchanges and those few plans offered will cost consumers more. Bloomberg interviewed insurance regulators throughout the nation and found the following five states include many people who will lose their current ACA policy in 2017:
•    Pennsylvania
•    Illinois
•    Tennessee
•    North Carolina
•    Florida

3. In Florida, regulators say more than 400,000 state residents will lose their current ACA plan next year.

4. The health law covered 11.1 million Americans as of March 31, 2016. A S&P Global Ratings report estimated that ACA 2017 enrollment will range from an 8 percent decline to a 4 percent gain next year.

5. A Kaiser Family Foundation estimate found at least 19 percent of ACA individual market consumers will only have one payer to choose from in 2017.

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Medicaid enrollment growth slows to 4% in 2016: 5 things to know
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