About 75,000 South Florida residents were covered under the Affordable Care Act by Preferred Medical Plan, a Coral Gables-based insurer. The company was barred from selling plans on the ACA exchange next year because it did not receive expected payments from the government. In this December 2014 photo, applicants line up outside a store in the Mall of the Americas as the deadline for enrollment neared.
About 75,000 South Florida residents were covered under the Affordable Care Act by Preferred Medical Plan, a Coral Gables-based insurer. The company was barred from selling plans on the ACA exchange next year because it did not receive expected payments from the government. In this December 2014 photo, applicants line up outside a store in the Mall of the Americas as the deadline for enrollment neared. Gaston De Cardenas Gaston De Cardenas
About 75,000 South Florida residents were covered under the Affordable Care Act by Preferred Medical Plan, a Coral Gables-based insurer. The company was barred from selling plans on the ACA exchange next year because it did not receive expected payments from the government. In this December 2014 photo, applicants line up outside a store in the Mall of the Americas as the deadline for enrollment neared. Gaston De Cardenas Gaston De Cardenas

Barred from selling Obamacare plans, Miami insurer to lay off employees

December 16, 2015 06:29 PM

UPDATED December 16, 2015 09:06 PM

More Videos

  • New high blood pressure guidelines mean 30 million more Americans have hypertension

    Under the new guidelines, the number of adults with high blood pressure will rise to 103 million from 72 million. Hypertension is the leading cause of heart disease and heart-related deaths in the U.S. and worldwide.