Blue Cross Blue Shield Pulls Out of Missouri Obamacare Exchange Leaving 25 Counties With No Insurers

Already faced with premiums that have risen 145% since 2013, Missourians in 25 western Missouri counties will now be left with no health insurance provider under the Obamacare Exchange.

Blue Cross Blue Shield of Kansas City left the Missouri exchange citing “more than $100 million” in loses and market instability under the Affordable Care Act.

Missourians deserve better than this failed law.

Via The Hill:

About 25 counties in Missouri might have no insurers on the ObamaCare exchanges next year after Blue Cross Blue Shield of Kansas City (Blue KC) announced Wednesday it won’t participate.

Blue KC cited losses and uncertainty as a reason it decided to exit the individual markets both on and off the exchanges.

The move comes as insurers are deciding whether to offer plans in the ObamaCare marketplaces next year and are asking Congress and the administration for certainty that they’ll continue to get crucial payments from the federal government.

“Like many other health insurers across the country, we have been faced with challenges in this market. Through 2016, we have lost more than $100 million,” Blue KC President and CEO Danette Wilson said in a statement.

“This is unsustainable for our company. 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.”

The announcement affects about 67,000 people. It doesn’t affect those who purchased plans on or before Oct. 1, 2013, according to a Blue KC press release.