The fact that United Healthcare was pulling out of most states on the individual market was a sign that the Exchanges and thus Obamacare (let’s forget about the very successful Medicaid expansion for a moment) were doomed.
There would be no competition and no one could make money on the exchanges.
Doom I tell you, Doom!
And then OOPS
— Bob Herman (@MHbherman) May 12, 2016
Other insurers are submitting bids and prepping applications to expand into markets that United Healthcare is leaving.
Applying for approval in Kansas is a fairly low cost operation as a committment is not needed until mid-September but this means the build teams at Aetna and Medica had been working on these projects since last November and the decision to explore expanding was made last summer with numerous points where pulling the plug on the exploration could be done fairly easily and cheaply.
It could be competition is working the way it is supposed to work. Overpriced and undervalued firms leave markets that they don’t understand while new firms that think they have an interesting angle enter markets.
Was there a Scottish radical who wrote something about that a while ago… what was his name……