— Americans who had to shop around for new health insurance plans on the Affordable Care Act’s website or pay higher premiums because they were not covered by their state insurance marketplace are taking a chance on new options from new companies.
American insurance companies have pulled their name from the marketplace, saying they are not satisfied with the cost of coverage, but they also are offering new options on their websites.
“We are disappointed in the results of the Affordable Health Care Act,” American Express said on its website.
“We are evaluating our position and will continue to evaluate our position.”
The move comes after insurers said they were forced to withdraw their name after insurers who had already enrolled customers were forced out of the marketplaces.
The companies say many were still enrolling but were having difficulty signing up new customers, even though they were able to sign up online.
The decision comes amid the political backlash against President Donald Trump over the health care law.
The president and some Republicans have blamed the healthcare law for higher health care costs and for the deaths of hundreds of thousands of people.
The Trump administration has repeatedly called the Affordable Healthcare Act the “death spiral” of the American health care system, citing data from the Centers for Medicare and Medicaid Services that show a significant drop in the number of people signing up for health insurance.
The Affordable Care Action Center said that as of March 31, there were 4.4 million Americans enrolled in Medicaid, the federally-run health insurance program for low-income and working people.
That’s down from 5.2 million in the same time frame in 2019, according to the group.