A big Affordable Care Act bet turns profit for Minnetonka's Medica

In spring 2017, as health insurers across the country were fleeing new health exchange markets due to mounting financial losses, Minnetonka-based Medica stayed the course. Despite talk at the time that markets under the Affordable Care Act (ACA) were so troubled that even having a monopoly could be a bad thing, Medica opted to remain as the only carrier selling coverage for 2018 on the health exchanges in Iowa and Nebraska.