The chairman of Iowa's leading health insurer says the company will not participate in the state's new health exchange during 2014.
Wellmark Blue Cross and Blue Shield CEO John Forsyth said Monday that the insurer will enter the online insurance marketplace in 2015. He said the decision to delay was not financially motivated, but based on concern that implementing the exchange would be bumpy in year one.
Sunday was the deadline for insurance carriers to file to be included in the Iowa exchange.
Under President Barack Obama's health care overhaul, all states must have a health exchange, with enrollment starting Oct. 1 and coverage on Jan. 1.
Iowa's insurance commissioner is expected to soon release more information on the exchange participants.