Health insurer Wellmark Blue Cross and Blue Shield will drop its individual Affordable Care Act plans in South Dakota next year, KOTA Territory News reports.
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.
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