Phoenix Health Plans Inc. — which proposed a 122.8 percent rate increase next year for its Obamacare marketplace plans — is bailing out.
The gigantic rate increase is probably a good indication the Tenet Healthcare Corp.-owned (NYSE: THC) health plan wasn't making money providing health insurance coverage to individuals on the Affordable Care Act's health insurance marketplace.
Looking at proposed rate increases on file with the Arizona Department of Insurance, Cigna Healthcare of Arizona Inc.…
Phoenix Health Plans Inc. — which proposed a 122.8 percent rate increase next year for its Obamacare marketplace plans — is bailing out.
The gigantic rate increase is probably a good indication the Tenet Healthcare Corp.-owned (NYSE: THC) health plan wasn't making money providing health insurance coverage to individuals on the Affordable Care Act's health insurance marketplace.
Looking at proposed rate increases on file with the Arizona Department of Insurance, Cigna Healthcare of Arizona Inc.…