Major Insurance Company Ditches Obamacare in Kansas City

Blue Cross Blue Shield of Kansas City announced Wednesday morning it will no longer offer or renew insurance plans on the city’s Obamacare exchange next year in Kansas or Missouri.

The fallout is likely to affect some 67,000 Blue Cross customers in 30 counties in Kansas City, according to a statement from Blue Cross Blue Shield of Kansas City. The company provides insurance to over 1 million individuals in the Kansas City area.

Blue Cross customers who get insurance through their employers will not be affected, nor will customers who have “a Medicare supplement, Medicare Advantage, a Short-Term Policy or a Student Health Plan.”

The company is experiencing rising operating costs which have made it such that providing plans on the Kansas City Obamacare exchange is no longer profitable.

“Like many other insurers across the country, Blue KC has faced many challenges in this market,” the statement said. “Through 2016, the company lost more than $100 million in this market, which is unsustainable.” (Read more from “Major Insurance Company Ditches Obamacare in Kansas City” HERE) http://joemiller.us/2017/05/major-insurance-company-ditches-obamacare-kansas-city/