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Last major insurer in Iowa likely to exit Obamacare exchange

As I mentioned yesterday, Aetna announced last month that it was pulling out of the Iowa Obamacare market. Another insurer, Wellmark Blue Cross & Blue Shield, also announced it was leaving last month. That meant tens of thousands of Obamacare customers were already going to be looking for a new insurer next year. Given the losses faced by the two larger insurers, Medica did not think it could handle the influx of sicker-than-expected enrollees:

The two large carriers said they’d lost tens of millions of dollars on the policies, largely because they covered too many older Iowans with chronic health problems and not enough young, healthy people. If Medica remains in the market, it could face the prospect of shouldering all of that risk by itself.
This is the system that liberals are trying to paint as a success, LOL.
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