Aug. 8 (UPI) -- Anthem, one of the largest health insurers in the United States, announced it will exit the Affordable Care Act exchanges, commonly known as Obamacare, in Nevada and reduce its presence in the marketplace by nearly half in Georgia for 2018.
"Planning and pricing for ACA-compliant health plans has become increasingly difficult due to a shrinking and deteriorating individual market, as well as continual changes and uncertainty in federal operations, rules and guidance, including cost sharing reduction subsidies and the restoration of taxes on fully insured coverage," the company said Monday.
The news upset Nevada Gov. Brian Sandoval, who called Anthem's decision "a significant blow to the state's individual marketplace."
"I am frustrated and disappointed with Anthem's surprise and abrupt decision to leave the healthcare exchange, especially during uncertain times," Sandoval said, according to the Reno Gazette-Journal. "Residents in Washoe, Clark and Nye Counties who have purchased from the state-based exchange will still have two providers to purchase from during the next open enrollment period."
In June, Sandoval vetoed a state bill that would have allowed the state to create its own program similar to Medicare that all residents would have been allowed to buy into.
Anthem's announcement comes just a few weeks after the company announced it will exit ACA markets in Ohio, Indiana, Wisconsin and much of California, reported CNN.