Missouri Minute: Blue KC to exit ACA market; ethics commission rolls back campaign limits

Here are today’s top business headlines from across Missouri:

Blue Cross of Kansas City to exit Affordable Care Act market

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. Read more

Ethics commission rolls back voter-approved campaign finance limits

The Missouri Ethics Commission dealt another blow to campaign finance limits approved by Missouri voters in November. Campaign committees in the state formed by party leaders are no longer restricted to contributions totaling $25,000 annually, according to a new ethics commission ruling. Read more

3M plans $40 million expansion of Springfield facility

Manufacturer 3M will begin a $40 million expansion of its operation in Springfield, the Minnesota-based company announced Wednesday. Read more

UM curators approve maximum in-state tuition hike

Students at all four University of Missouri System campuses will see in-state tuition jump 2.1 percent after the UM Board of Curators voted Wednesday to increase in-state tuition by the maximum amount allowed. Out-of-state tuition rose for all four campuses as well. Tuition for nonresidents will rise 2.1 percent in Columbia, 3 percent at the Missouri University of Science and Technology in Rolla and 5 percent at both the St. Louis and Kansas City campuses. Read more

Cerner execs discuss R&D at intersection of tech, health care

Cerner Corp. co-founder and vice chairman Cliff Illig headed up the company’s annual shareholder’s meeting on Wednesday, again filling in for co-founder and chairman Neal Patterson, who was diagnosed with cancer in 2016. The meeting at company headquarters in North Kansas City devoted considerable attention to Cerner’s annual $700 million research and development budget. Read more

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