It’s official .. Aetna is fully exiting Obamacare .. Obamacare is toxic .. If I was Trump, I would wait 2 more years and let Obamacare fully implode before riding in on a white horse to save what’s left of it ..
“Health insurer Aetna Inc (AET.N) said on Wednesday it will exit the 2018 Obamacare individual insurance market in Delaware and Nebraska – the two remaining states where it offered the plans.”
“Aetna has now “completely exited the exchanges,” the company said in an emailed statement.”
“Aetna projected around $225 million in losses from its exchange plan businesses this year following a loss of $700 million for 2014 through 2016.”
“The insurer attributed the losses to “marketplace structural issues, that have led to co-op failures and carrier exits, and subsequent risk pool deterioration.””
“Health insurers have said they cannot plan amid the uncertainty. In addition, the balance of sick and healthy customers has been worse than expected, and premium rates on the individual insurance market went up 25 percent this year.”
“He noted that only one health plan remains in both Delaware, where Highmark Blue Cross Blue Shield sells Obamacare coverage, and Nebraska, where Medica still offers coverage but has warned it may exit the program.”
Aetna fully exits Obamacare exchanges with pull-out in two states
Health insurer Aetna Inc (AET.N) said on Wednesday it will exit the 2018 Obamacare individual insurance market in Delaware and Nebraska – the two remaining states where it offered the plans.