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Saturday, June 24, 2017

Big insurer drops out of Maryland health exchange

BALTIMORE —A big insurance company has dropped out of the Maryland health exchange.

In a letter sent to Gov. Larry Hogan, Cigna announced it is exiting Maryland's individual marketplace in 2018, writing, "Individual solutions have performed poorly since we have participated on the exchange, and our losses continue to increase year over year in Maryland."

"From the standpoint of competition, you never want to see anybody leave, so there's no way I can tell you it's good news or that it doesn't hurt," Maryland Insurance Administration Commissioner Al Redmer Jr. said.

Officials believe Cigna's departure will not be a significant disruption, because Cigna has fewer than 1 percent of enrollees, which is about 600 customers.

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12 comments:

Anonymous said...

And the hits just keep on coming.

Anonymous said...

They had only 600 customers through the exchange? And what was the reason for that low number?

Anonymous said...

that leave you with only Care First? Right?

Anonymous said...

Isn't Blue Cross leaving us, too?

Anonymous said...

This will prove to be Obama's legacy ...... He wanted to socialize America, and it worked.

Anonymous said...

We're becoming like Cuba.

Anonymous said...

Stop making up lies.

Anonymous said...

Yeah..big hit. 600 customers in the entire state. Whoopdeedoo.

Anonymous said...

You know, this AHCA doesn't really seem like much different than it was before there was a law, other than cost. People that couldn't afford insurance went to a free clinic before. Now, they get a policy and since they can't afford it, the gov't pays for it. What's different?

Anonymous said...

Nothing like Cuba. I've been there. Cubans get great medical care. Most of it is free. They have some cancer treatments unavailable in the us due to embargo. I have BCBS issued from a another country. My premium is $250/mo. and a $5000 deductible while in the us. $500 deductible when in issuing country.

Anonymous said...

Wow can you move back? Tomorrow!

Anonymous said...

1:18 I am an american citizen, you shorebilly. Sorry you aren't successful enough to travel and own homes in other countries. You keep paying your obamacare insurance rates and soon to be obamacare light insurance while whining about the cost.