(EXAMINER) When open enrollment in Obamacare starts next month, enrollees in four states will be able to choose plans from only one insurer.
Alaska, Alabama, Wyoming and Oklahoma have confirmed to the Washington Examiner that they will have only one insurer offering Obamacare plans for 2017. The revelation comes in the wake of defections from some major insurers that have left Obamacare exchanges due to financial losses.
A lack of competition could mean no driving force to offer lower prices to consumers. Some states have approved rate increases of up to 50 percent. A recent independent estimate on the site acasignups.net predicted that 25 states have approved average price hikes of nearly 25 percent.
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