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.
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BCBS of NC cuts 165 jobs, DOJ sues UnitedHealth, Anthem ends Cigna merger & more — 8 payer highlights
BCBS of North Carolina eliminates 165 jobs
