August 16, 2016

Aetna to ditch 7 out of 10 Obamacare plans

USA Today

Health insurer Aetna plans to cease its participation in the Obamacare health exchanges in all but four states.

The 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 year.

1 comment:

Anonymous said...

The ACA, making certain the US healthcare system is utterly and irredeemably broken. Can we please have single payer healthcare now?