FirstCarolinaCare Withdraws Application to Participate in North Carolina Exchange
FirstCarolinaCare Insurance Company, a wholly owned subsidiary of FirstHealth of the Carolinas Insurance Company, announced Thursday September 12, 2013 that the company was withdrawing its application to participate in the state’s health insurance exchange.
FirstCarolinaCare, which applied to enter the individual health insurance market in North Carolina, had submitted 16 individual plans to be available in its six county primary service area, which includes: Moore, Hoke, Richmond, Montgomery, Scotland, and Lee counties.
“This was not a step taken lightly,” says Kenneth J. Lewis, president of FirstCarolinaCare Insurance Company. “When we originally proposed participation in the Exchange, we recognized that there were many unknowns for all of us. However, after months of review, there continue to be uncertainties in the Exchange implementation and processes for insurers. After further assessment of the uncertainties related to the Exchange and consideration of our overall business strategy, we reluctantly came to the conclusion to withdraw our application to participate in the Exchange.”
New information is being released every day. Follow this blog to receive updates as new information is released in North Carolina.
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