Big insurer drops out of Maryland health exchange
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Title : Big insurer drops out of Maryland health exchange
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Title : Big insurer drops out of Maryland health exchange
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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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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.
More
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You are now reading the article Big insurer drops out of Maryland health exchange With link address https://newstoday-ok.blogspot.com/2017/06/big-insurer-drops-out-of-maryland.html