People react to last ACA health insurer possibly leaving Iowa

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LA PORTE CITY, Iowa (KCRG-TV9) -- The last insurer for most of Iowa under the Affordable Care Act said it might stop selling individual health policies next year.

Minnetonka, Minnesota-based Medica announced Wednesday that its ability to stay in the Iowa insurance market "is in question at this point."

It's after Aetna and Wellmark said they would stop selling policies earlier this year.

If Medica pulls out, it would mean more than 70,000 Iowans would have no insurance or options for new insurance under the ACA.

Medica said in a statement "we are examining the potential of limited offerings, but our ability to stay in the Iowa insurance market in any capacity is in question at this point."

A spokesman for the Iowa Insurance Division says carriers in Iowa's individual market have seen significant losses.

"This is causing significant angst among Iowa consumers who depend on the individual market for health coverage. This is a problem caused by the ACA and needs to be fixed by Congress," Chance McElhaney said.

Krystal Schmitz a mom and small business owner in La Porte City says health insurance right now is a mess. She says her first insurance provider went out of business because of the affordable care act, so she had to sign up through the marketplace.

"With the whole individual thing well it kept going up and up the premiums and then the deductible everything like tripled in a few years and my husband kept saying there's gotta be something else," Schmitz said.

Her family found something called a health share. It's a religious alternative to the individual mandate.

"We went with a Christian health share it's not considered like a premium it's called something different but the we pay $450 a month as a family we were gonna be paying $1,3000 a month per family," Schmitz said.

With sharing health ministries there's no guarantee that every bill will be covered because it's more like a co-op. To Krystal it was the only option that made sense given the current state of health insurance.

"I'm actually really happy that we switched especially after I found out we would have lost our health care a second time," Schmitz said.