Health insurer Medica: preliminary plans are to stay in Iowa - KTTC Rochester, Austin, Mason City News, Weather and Sports

Health insurer Medica: preliminary plans are to stay in Iowa

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DES MOINES, Iowa (AP) - A spokesman for health care insurer Medica says it plans to sell insurance in Iowa next year and expects to make an announcement soon.

Medica spokesman Larry Bussey confirmed Monday the company has preliminary plans to remain in Iowa but the company seeks clarity on how the Affordable Care Act exchange market in Iowa is going to function.

Iowa last week applied for a federal waiver to allow federal subsidies designed to lower costs for low-income and older participants to be used to entice younger people to buy insurance in hopes of keeping Medica and perhaps attracting others back to Iowa.

Medica is the only statewide insurer left in Iowa. State insurance officials feared the Minnesota-based company might also leave, causing 72,000 people to have no choice next year.

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