Thursday, May 11, 2017

Aetna abandons Obamacare: Health insurance company will COMPLETELY withdraw from marketplaces

Insurance giant Aetna is leaving Obamacare.
The company announced on Wednesday that it would no longer offer policies in Nebraska or Delaware next year under the exchanges created by the Affordable Care Act, CNN reported.
Earlier this year, Aetna announced that it no longer officer policies in Iowa and Virginia.
Aetna said that its decision was prompted by significant losses of over $200million just this year alone.
Between 2014 and 2016, Aetna said it lost almost $700million.
In 2017, Aetna pulled out of 11 of 15 markets. It currently offers policies to 255,000 Obamacare enrollees – which is down from 964,000 late last year.
Aetna said that it could no longer shoulder the financial burden of Obamacare policyholders, who it said has cost the company more than it initially estimated.

No comments: