Danette Wilson, president and CEO of BCBSKC, said the payer lost more than $100 million on its individual health plan business through 2016.
“This is unsustainable for our company,” Ms. Wilson said. “We have a responsibility to our members and the greater community to remain stable and secure, and the uncertain direction of this market is a barrier to our continued participation.”
BCBSKC projects its decision will affect more than 67,000 individuals. The insurer’s exit could leave 25 counties without an insurer participating in the ACA exchanges for 2018, according to The Wall Street Journal.
More articles on payer issues:
Banner Health, Aetna name CEO of joint venture: 5 things to know
BCBS of NC cuts 165 jobs, DOJ sues UnitedHealth, Anthem ends Cigna merger & more — 8 payer highlights
BCBS of North Carolina eliminates 165 jobs
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit
