Blue Cross Eyes Major Exit For MN's Individual Health Care Market

MINNEAPOLIS (AP) — Minnesota's largest health insurer will pull the bulk of its plans off the individual market due to heavy financial losses.

Blue Cross Blue Shield of Minnesota said late Thursday will affect approximately 103,000 residents who buy coverage through MNsure, with an agent or directly from the company.

The company cited heavy losses in the individual market for their exit, though it will continue offering a smaller number of plans through a subsidiary.

Gov. Mark Dayton says his administration will work with people affected by the decision to ensure they can transition to new coverage for 2017 when their current plans expire.

It's the second major shakeup in Minnesota's individual health care market. PreferredOne stopped selling its plan on MNsure in 2015.

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