Insurance plans in New Hampshire, Michigan and Illinois are planning to enter into the federal marketplaces after deciding not to participate during ObamaCare’s first enrollment period, according to news reports.
In New Hampshire, the number of ObamaCare insurers is set to rise from one to five next year; from 13 to 18 in Michigan; and from six to 10 in Illinois.
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Obamacare's store is going to be a bit more crowded this year.
The number of insurers set to sell health plans on Obamacare exchanges in the upcoming open-enrollment period is 25 percent higher than for 2014, as 77 issuers jump into that market, federal officials revealed Tuesday.
Health and Human Services Secretary Sylvia Burwell said the boost in insurers willing to sell the new form of health insurance starting Nov. 15 is "a real sign that the Affordable Care Act is working."
"When consumers have more choices, we all benefit," said Burwell, who announced the expansion in the number of insurers selling Obamacare plans during a speech at the Brookings Institution in Washington, D.C. HHS noted that prior estimates have shown a correlation between greater numbers of insurers and lower costs.
http://www.cnbc.com/id/102025396
