In Illinois, the exchange exit follows that of payers Hartford, Conn.-based Aetna, Minnetonka, Minn.-based UnitedHealthcare and Chicago-based Land of Lincoln Health co-op, which shuttered in July.
The only other area where Harken offered exchange plans is Atlanta, but the insurer will exit the exchange there in 2017.
Harken did not say how many people will be affected, according to the report. A recent rate filing with Illinois officials showed the insurer proposed rate increases affecting 22,845 individuals for next year.
In an emailed statement to Becker’s Hospital Review, Harken said it “remains committed to our innovative model of insurance paired with access to relationship-based care and we look forward to continuing to offer plans to individuals and employers who purchase coverage outside of the exchange.”
More articles about payer issues:
CHRISTUS Health Plan to offer ACA plans in Texas
Centene looks to hire 100 in Arizona
CaliforniaChoice launches 2 small group plans
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.
