Health insurance company pulling out of SC
COLUMBIA, S.C. (AP) - An insurance company says it's leaving South Carolina because of regulations related to health care reform.
Medical Mutual of Ohio is the parent company of the Carolina Care health plan, which covers 28,000 policyholders in South Carolina.
Medical Mutual spokesman Ed Byers said Friday the company plans to pull out of South Carolina by the end of the year to focus on its home market of Ohio, where it covers 1.6 million members.
Byers says changes under the federal health care act that go into effect this year and next year played into the company's decision to leave South Carolina.
He says policyholders covered under Carolina Care are being transitioned to UnitedHealthcare.Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.