Sioux Falls, S.D.-based Wellmark is halting individual policy sales in response to the ACA's uncertain future and the Republican's failed efforts to replace it, The Des Moines Register reports.
Here's what you should know.
1. Wellmark insures more than 21,000 Iowa residents and the affected policyholders will have to find another payer.
2. Wellmark is discounting those residents who bought an individual policy after Jan. 1, 2014.
2. Wellmark President John Forsyth said the company lost $90 million over the three years it participated in the ACA exchanges.
3. Mr. Forsyth cited a lack of young adults utilizing the exchanges as the reason why Wellmark was incurring such losses.
4. Iowa has Minnetonka, Minn.-based Medica, and Hartford, Conn.-based Aetna who sell through the exchanges. They haven't committed to selling policies in 2018. Aetna has notably stopped selling in all states but Iowa, Delaware, Nebraska and Virginia.