Insurer Pulls out of Obamacare in Missouri, Stranding 19,000 People

If you like your health care plan, you can forget it.

President Obama repeatedly said, "If you like your health care plan, you can keep it" when trying to shove Obamacare down the collective throats of American taxpayers. In case you don't remember, here's a helpful montage of thirty six times he did so:

But, of course, you remember, it's the government that seems to have forgotten. The latest casualty of the Obamacare fiasco is Blue Cross and Blue Shield of Kansas City. They just announced that -- everyone, put on your shocked faces --  it's withdrawing from Obamacare. CEO Danette Wilson said, in a press release, "Since 2014, we've expended significant resources to offer individual ACA plans to increase access to quality healthcare coverage for the Kansas City community. This is unsustainable for our company. We have a responsibility to our members and the greater community to remain stable and secure, and the uncertain direction of this market is a barrier to our continued participation." When this happens next year, it will leave nearly 19,000 Western Missouri residents without a coverage option.

Here's the kicker: it's lost more than $100 million in the three years on Obamacare plans. CNN has more:

Blue Cross of Kansas City, which will stop selling individual policies both on and off the Obamacare exchange, joins a growing list of other insurers that are abandoning the marketplace. Humana (HUM) and Aetna (AET) said they are pulling out of the remaining markets where they are selling policies this year. Wellmark Blue Cross Blue Shield said it will not participate in the Iowa exchange next year.

More troublesome about Blue Cross of Kansas City's move is that Blue Cross companies have traditionally been the go-to insurer in the individual market. Earlier this month, BlueCross BlueShield of Tennessee agreed earlier this month to enter the Knoxville area, where roughly 40,000 Humana policyholders would have been left high and dry.

If you like your health care plan - and you live in Western Missouri - you can just forget it.

Image Credit: White House

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