In a Q&A posted to its website, Scott & White Health Plan said, “Like many other health insurers, we have determined that we cannot currently service marketplace plans on an effective and financially sustainable basis.”
In addition to exiting the federal healthcare marketplace, Scott & White Health said it will refine its off-marketplace plans.
Scott & White Health Plan’s announcement comes after Hartford, Conn.-based Aetna’s decision to pull out of 11 of its 15 state exchanges next year.
More articles on payer issues:
Oscar loses $52.2M in NY in first half of 2016
BCBS of Illinois won’t credit deductibles paid to failing insurance co-op
7 things to know about Aetna’s ACA exchange exit
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