Blue Cross and Blue Shield of Kansas City will not offer or renew individual Affordable Care Act plans in 2018, the insurer announced Wednesday, citing the “unsustainable” nature of serving an “uncertain” market.
The move will affect approximately 67,000 members in 32 counties spanning parts of western Missouri and eastern Kansas.
Danette Wilson, president and CEO of Blue KC, said that through 2016 the insurer had lost $100 million since the Affordable Care Act, also known as Obamacare, took effect in 2014. That’s despite Blue KC collecting more in premiums than it paid out in claims in 2016, according to an April report.
“This is unsustainable for our company,” Wilson said in a release. “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.”
Wilson added that Blue KC will continue to work with lawmakers “to identify solutions that will stabilize the individual market and bring costs down for our members, the community and Blue KC.”
Humana previously announced that it is exiting all ACA markets, including Missouri, The Kansas City Star reports. Cigna has offered ACA plans in the state in the past, but its 2018 plans are unclear.