North Carolina Insurance Company Pulls Out Of ObamaCare Exchange

“FirstCarolinaCare Insurance Co. Announced Thursday That It Has Abandoned Its Plan To Offer Health Insurance Coverage Through North Carolina’s Online Marketplace, Which Opens In Three Weeks.” (“Insurer Pulls Out Of NC Online Health Exchange,” WRAL, 9/13/13)

The Company Blamed “Uncertainties In The Exchange Implementation And Processes For Insurers.” “‘This was not a step taken lightly,’ Kenneth Lewis, president of FirstCarolinaCare Insurance, said in a statement. ‘When we originally proposed participation in the exchange, we recognized that there were many unknowns for all of us. However, after months of review, there continue to be uncertainties in the exchange implementation and processes for insurers.’” (“Insurer Pulls Out Of NC Online Health Exchange,” WRAL, 9/13/13)

“The Company’s Withdrawal Leaves Blue Cross Blue Shield Of North Carolina And Coventry Health Care Of The Carolinas As The Only Insurers Offering Plans Through The Exchange.” (“Insurer Pulls Out Of NC Online Health Exchange,” WRAL, 9/13/13)