And, yes volatility surrounding health care was given as the reason for Memorial Hermann Health System’s decision to not sell health plans on the exchange next year, the Houston Chronicle reports.
A spokeswoman tells the newspaper: “After careful consideration, Memorial Hermann Health Plans has made the difficult decision to withdraw from the individual segments due to challenging market conditions and continued uncertainty in this segment of the health insurance industry.”
The move affects about 8,000 beneficiaries, who will now have to look elsewhere for coverage. Memorial Hermann still intends to sell Medicare Advantage to about 66,000 residents.
Source: Houston Chronicle