Blue Cross and Blue Shield of Kansas City will not offer Obamacare plans next year in Kansas and Missouri, the company announced today.
Health insurers in Washington, D.C., Oregon, and Vermont have requested double-digit premium rate increases for Obamacare plans next year, according to state and district insurance commissioners.
Aetna, one of the nation’s largest health insurers, has announced that it will exit all Affordable Care Act exchanges in 2018 after experiencing massive losses in 2016 and 2017.
Health care insurers in Connecticut have requested premium rate hikes as high as 52.1 percent, according to the state’s insurance administration.
Aetna’s CEO Mark Bertolini said that if Obamacare does not get fixed and nothing happens to it, “it is going to continue to deteriorate.”
Health care insurers in Maryland have requested premium rate hikes as high as 150.83 percent for next year, according to the state’s insurance administration.