Health insurer Aetna plans to cease its participation in the Obamacare health exchanges in all but four states.
company's decision, which it blamed on heavy losses tied to the
insurance plans, follows similar moves by competitors such as
UnitedHealth Group, the nation's largest insurer.
Aetna said that
in 2017 it would cease offering health care insurance options through
the Affordable Care Act exchanges in 68.9% of the counties where it
offered plans in 2016. It will continue offering certain plans in
Delaware, Iowa, Nebraska and Virginia. Affected enrollees will keep
their plans through the end of 2016 but must find alternatives for next