Two more insurance companies have announced that they will leave Obamacare’s failing exchanges.
On Monday, The New York Times reported that Wellmark Blue Cross and Blue Shield announced their intention to leave Iowa’s Obamacare exchange next year because they lost $90 million in three years due to most of their enrollees having “expensive medical conditions.”
“Finding solutions to stabilize this market is in the best interest of all Iowans, including providers of health care and insurance carriers,” Wellmark Chairman and CEO John Forsyth said in a statement. “No one really benefits from rising costs. While there are many potential solutions, the timing and relative impact of those solutions is currently unclear. This makes it difficult to establish plans for 2018.”
Full article: Daily Wire