The company said the increase reflects “a number of risks with its decision to provide coverage across Iowa.”
Last week Medica said it would operate on the exchanges in Nebraska as well, according to the report. Medica is set to be the sole payer offering on-exchange ACA plans in Nebraska next year.
Hartford, Conn.-based Aetna and Des Moines, Iowa-based Wellmark Blue Cross and Blue Shield decided to exit Iowa’s 2018 exchange in April.
More articles on payer issues:
Insurers receive federal cost-sharing reduction payments for June
Families sue insurers for refusing to cover wilderness therapy: 6 things to know
BCBS of Illinois to offer plans on ACA exchange
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