Blue Cross drops out of Nebraska's Obamacare marketplace [View all]
Source: The Omaha World Herald.
Blue Cross Blue Shield of Nebraska said Friday it won’t sell individual health insurance on the Affordable Care Act marketplace next year because of continuing losses.
Blue Cross’ departure removes the state’s largest health insurer from the individual marketplace, leaving only Aetna and Medica Health to offer individual policies on the Nebraska’s exchange for 2017.
Steve Martin, the chief executive of Blue Cross, told The World-Herald that the company has lost $140 million on the exchange policies since 2014. If the trend continued, losses could total $250 million by the end of 2017, he said.
As of this year, around 20,000 people out of Blue Cross of Nebraska’s 750,000 clients have individual exchange policies.
Read more: http://www.omaha.com/livewellnebraska/health/blue-cross-drops-out-of-nebraska-s-obamacare-marketplace/article_ba159306-81b9-11e6-a263-039caebdcf91.html
Time for single payer yet?
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