Saturday, August 3, 2013

Aetna withdraws from Maryland insurance market after state demands lower rates in health insurance exchanges

Aetna Inc pulled out of Maryland’s health insurance exchange being created under President Barack Obama’s healthcare reform law after the state pressed it to lower its proposed rates by up to 29 percent.
Under the law, often called Obamacare, each U.S. state will have an online exchange where Americans will be able to buy insurance plans, starting on October 1. The government is counting on about 7 million people to enroll next year for this insurance, many of whom will qualify for subsidies.
The success of the exchanges, as well as the expansion of the government’s Medicaid program for the poor, are key elements in the political battle between Republicans and Democrats. State officials say the price of the new insurance plans will help determine whether enough people sign up.

http://www.rawstory.com/rs/2013/08/02/aetna-withdraws-from-maryland-insurance-market-after-state-demands-lower-rates-in-health-insurance-exchanges/ 

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