Iowa is facing a crisis in its individual health insurance market. According to the Iowa Insurance Commissioner, absent a fix, thousands of Iowans buying health insurance on the individual market, including many farmers, will face exorbitant 2018 premiums, realistically denying them the possibility of purchasing health care coverage. All insurers but one have pulled out of Iowa’s individual health care market for 2018. And Medica, a Minnesota-based health care insurance provider that says it will stay, will be raising premiums by at least 56.7%. This is in addition to significant premium increases that have already occurred during the past several years. If Medica ultimately chooses to exit, approximately 72,000 Iowans will be left without healthcare insurance options.
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