LogFAQs > #878470138

Broseph_Stalin posted...

Article is saying they're pulling out because Obamacare might be replaced, for anyone too lazy to read.

Lets not feed proudclad thanks.

http://www.desmoinesregister.com/story/news/health/2017/04/03/wellmark-halt-sales-individual-health-insurance-policies/99994906/

"Forsyth said the overall problem is too few healthy, young consumers are buying health insurance. That drives up costs, because the pool of customers is filled with older Iowans with chronic, expensive health problems. “You’ve got to get those healthy people in the pool to make this work,” he said."

http://www.desmoinesregister.com/story/news/health/2017/04/06/aetna-stop-selling-iowans-individual-health-insurance-plans/100121700/

"An Aetna spokesman said in a statement that the decision was “a result of financial risk and an uncertain outlook for the marketplace.”

https://www.usatoday.com/story/news/nation-now/2017/05/03/iowa-health-insurers-obamacare/309955001/

"Medica is a relatively small carrier, which faced a daunting prospect in Iowa after Aetna and Wellmark announced they would no longer sell individual health insurance plans here. The two large carriers said they’d lost tens of millions of dollars on the policies, largely because they covered too many older Iowans with chronic health problems and not enough young, healthy people. If Medica remains in the market, it could face the prospect of shouldering all of that risk by itself."

It's literally because of Obamacare.
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meingott