Premier Health selling insurance plan business

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FILE

Premier Health is selling its two-year-old insurance business.

The health network said in a statement Thursday afternoon that its “Premier Health Plan” will be acquired by Evolent Health, a Virginia-based firm that’s been partnered on the plan since its launch in 2015.

When the plan was launched, Premier had said it was starting an insurance arm in part to sell health insurance on the exchanges created by the Affordable Care Act.

But in June, Premier announced it was leaving the federal health insurance exchange "in the face of significant uncertainty surrounding the future direction of U.S. health care policy."

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Premier’s Medicare Advantage plans and commercial lines will be under Evolent’s umbrella by early 2018.

The change in plan ownership will not affect member benefit changes for the 2018 plan year and there won’t be changes to the plan’s network of about 6,000 providers.

"We have added to our membership each year and expanded into additional counties, and we think Evolent is well-positioned to maintain that momentum," stated Renee George, who had been named the new president of Premier Health Plan in March.

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