SIOUX CITY, Iowa (AP) — Iowa's largest health insurer is closing its Sioux City office and eliminating more than 100 local jobs.

Wellmark Blue Cross & Blue Shield announced Wednesday that the First Administrators, or FAI, office will close in early 2014. The third-party administrator processes medical and dental claims for self-fund customers in states like Iowa and South Dakota.

Wellmark says concerns about the new federal Patient Protection and Affordable Care Act (PPACA) led to the decision, including costs of changing information technology to meet new requirements.

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