Health insurer Blue Cross Blue Shield announced Thursday that it would not be participating in the invidual market in Nebraska next year, and the remaining insurer hasn’t decided if it will leave also.
Blue Cross Blue Shield is projected to lose $12 million this year from offering plans in the state, and the company would need to increase its price for premiums next year by 50 percent. The company previously participated in the Obamacare exchanges, which resulted in $150 million in losses.
Democrats and the law’s defenders have pointed to such moves as evidence of Republican sabotage of Obamacare, while Republicans point to results as evidence that the law isn’t working. Nebraska’s Republican governor, Pete Ricketts, said the decision from Blue Cross “demonstrates the failure of Obamacare and how the system was so poorly designed that great companies like Blue Cross Blue Shield can’t stay in the marketplace. It highlights that Congress needs to act to make the health care system sustainable.”
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Blue Cross Blue Shield drops out of Obamacare exchange in Nebraska https://t.co/tSTvrgnC0o pic.twitter.com/uZktoAci86
— Washington Examiner (@dcexaminer) June 2, 2017
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