- Associated Press - Thursday, February 11, 2016

RALEIGH, N.C. (AP) - The Latest on problems confronting Blue Cross and Blue Shield of North Carolina and customers seeking to buy coverage under provisions of the Affordable Care Act. (all times local):

2:45 p.m.

North Carolina’s top insurance regulator says he’s launching an examination to see if the state’s largest health insurer has been complying with laws and regulations.

The state Insurance Department said Thursday it’s taking a look at Blue Cross and Blue Shield of North Carolina after the company cited technological problems as the reason thousands of people trying to enrolling in or pay for individual policies were tripped up last month.

Agency spokeswoman Kerry Hall says state Insurance Commissioner Wayne Goodwin can open a targeted examination of a company when he thinks it’s needed for the protection of policyholders or the public.

The problems were mostly experienced by customers seeking coverage through the Affordable Care Act.

Blue Cross says it will work with reviewers and most issues have been resolved.

10:50 a.m.

North Carolina’s largest health insurer is considering dropping coverage under the Affordable Care Act.

The News & Observer of Raleigh reported (https://bit.ly/1Qazcdc) that Blue Cross and Blue Shield expects to report its second consecutive financial loss as it deals with cost overruns.

CEO Brad Wilson said Wednesday the company cannot continue to suffer losses indefinitely in North Carolina. Wilson said the company may have to decide later this year whether to stop offering coverage under the Affordable Care Act.

The company raised rates by nearly one third this year but says it was not enough to cover losses.

Executives at other major insurers have also threatened to drop their Affordable Care Act business if it continues losing money.

The move could affect more than 300,000 North Carolina residents.


Information from: The News & Observer, https://www.newsobserver.com



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