Iowa Insurance Division Response to Medica’s Individual Market Decision

DES MOINES, Iowa, June 19 -- The Iowa Department of Commerce's Insurance Division issued the following statement by Commissioner Doug Ommen regarding Medica's individual market decision:

"We appreciate and understand Medica's desire to provide coverage in all of Iowa's 99 counties.

"That is our goal as well. We are concerned that Iowa has hit a point within our market's collapse that a 43% rate increase will drive healthier, younger, and middle aged individuals out of the market.

"Iowa's individual market remains unsustainable and needs a fix from Congress. Iowa will continue to move forward with the Proposed Stopgap Measure."