WASHINGTON (AP) — The Obama administration says consumers in most states will have more insurance options next year under the president’s health care law.
The Health and Human Services department on Tuesday reported a net increase of 63 insurers joining the market in 43 states plus Washington, DC. The preliminary figures show 77 insurers entering for the first time, while 14 are dropping out.
The health insurance exchanges offer subsidized private plans to people who don’t have coverage on the job. Last week the largest provider in Minnesota’s marketplace announced its exit, prompting concerns in that state and beyond.
HHS Secretary Sylvia Mathews Burwell said greater competition will help keep premiums in check.
There will be winners and losers. Indiana will see a net gain of five insurers, while California faces a net loss of two.
(© Copyright 2014 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)