Another insurance company is going to stop selling individual health insurance policies in the state. A statement from the Iowa Insurance Division says Aetna has notified the division the company will be leaving Iowa’s individual market. Aetna’s departure follows the same announcement form Wellmark Blue Cross and Blue Shield earlier this week. Iowa Insurance Commissioner Doug Ommen says this is a problem created by the Affordable Care Act and needs to be fixed by Congress.
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Ommen says those who hold Aetna policies should wait for a bit..
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With the exit of Aetna and Wellmark, Iowa now has just two insurers providing individual policies. Medica offers coverage statewide. But Gundersen only sells individual plans in five counties.