(Bloomberg) -- A growing number of people in Obamacare are finding out their healthinsurance plans will disappear from the program next year, forcingthem to find new coverage even as options shrink and pricesrise.
At least 1.4 million people in 32 states will lose the Obamacareplan they have now, according to state officials contacted byBloomberg. That’s largely caused by Aetna Inc., UnitedHealth Group Inc. and somestate or regional insurers quitting the law’s markets forindividual coverage.
Sign-ups for Obamacare coverage begin nextmonth. Fallout from the quitting insurers has emerged as the latestthreat to the law, which is also a major focal point in the U.S.presidential election. While it’s not clear what all theconsequences of the departing insurers will be, interviews withregulators and insurance customers suggest that plans will be fewerand more expensive, and may not include the same doctors andhospitals.
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