Losses accrued by the two plans, which cover 12,500 individuals, could reach $12 million this year. Dale Mackel, executive vice president of BCBSN, told Live Well Nebraska the losses would continue even if the insurer raised premiums by 50 percent or more for 2018.
While the payer lost about $150 million on ACA plans in previous years, BCBSN is expected to break even or see a 1 percent gain in 2017, according to the report.
BCBSN pulled the majority of its individual plans from the 2017 ACA exchanges due to instability and decreased competition under the health law. One insurer — Minnetonka, Minn.-based Medica — is set to sell policies on the state’s individual exchange for 2018.
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