Carson City, NV -
August 07, 2017Insurance Commissioner Barbara
Richardson issued the following statement in response to a request by Anthem
under Nevada Revised Statute 679B.190(5)(b) regarding Anthem’s announcement
that it will be withdrawing plans from Nevada’s Exchange in 2018:
“On July 28, 2017, Anthem
submitted a Notice of Intent to withdraw from the Silver State Exchange for
Plan Year 2018. As such, Anthem will no longer have a presence in Nevada’s
individual health market with the exception of catastrophic plans which can
only be purchased off the Exchange throughout the state. These plans restrict
availability to consumers under 30 years old or with a low income” states
Commissioner Barbara Richardson.
Prior to this notice, Anthem had
submitted filings to offer Qualified Health Plans (QHPs) in Clark, Washoe and
Nye counties. Based on the rate submissions the Division of Insurance received
from Anthem, they proposed an average rate increase of 62 percent. This
proposed rate increase did not reflect the potential elimination of payments to
insurance carriers for Cost Share Reductions (CSRs). Loss of the Cost
Sharing Reduction payments has the potential to increase further rates in the
Nevada market.
This announcement follows a
notice earlier last month when Anthem withdrew from the Silver State Exchange
in 14 counties leaving consumers in those counties without an option on the
Exchange for Plan Year 2018.
“While the Division is
disappointed in Anthem’s latest decision regarding its withdrawals, we believed
that it was in the interest of the Nevada public to let consumers know about
the Anthem decision as soon as possible” declared Commissioner
Richardson. “The Division is continuing to work with our state partners
on attracting an insurance carrier to serve the 14 bare counties and to support
the stability of the market for those insurance carriers who remain.
We are also working with our
state partners on a plan to help consumers shop the Exchange market at open
enrollment for the 2018 Plan Year and remain optimistic that there will be
coverage for consumers on the Exchange throughout the state.”
About the Nevada Division of
Insurance
The State of Nevada Division of
Insurance, a Division of the Nevada Department of Business and Industry,
protects the rights of Nevada consumers and regulates Nevada’s $14 billion
insurance industry. The Division of Insurance has offices in Carson City and
Las Vegas. In 2016, the Division investigated more than 3,200 consumer
complaints and recovered nearly $5 million on behalf of consumers. For more
information about the Division of Insurance, visit DOI.NV.GOV or download the
Division’s smartphone app NDOI Connect today in the Apple App Store and Google
Play.