Effective Jan. 1, 8,000 Wellmark policyholders will need to find new plans. The Des Moines, Iowa-based insurer cited $32 million in losses on the state’s ACA exchange over the past two years.
Wellmark’s ACA pullback does not include individual plans purchased before 2014 or employer-sponsored and Medicare supplement plans.
CEO John Forsyth told KOTA Wellmark will consider participating in the exchange in 2018 if the state can resolve problems.
More articles about payer issues:
BCBS of Texas commits to offering ACA plans for 2017
House will vote on ACA individual mandate exemption bill
Aetna looks toward social programs for healthcare reform
