HighmarkInc. will continue to sell Affordable Care Act plans for 2017 inPennsylvania, Delaware and West Virginia, Trib Total Media reported.
David Holmberg, CEO of Highmark Health, reportedly said during a conferencecall that the insurer requested average premium increases of up to 48% forPennsylvania.
The insurer booked a loss of $68 million for the first sixmonths on ACA plans. It has suffered more than $800 million of total lossessince 2014 from providing coverage under the ACA, according to the report.
Highmark has reduced its enrollment by raising premiums. Thecompany has cut costs by reducing networks of hospitals and doctors, loweringor eliminating commissions for brokers who sell marketplace plans and cuttingits payment to doctors by 4.5%, Holmberg said, adding that it is working tostabilize its ACA book of business.