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.
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