Aetna Ditching 70% of Its Obamacare Business
August 16th, 2016Via: Business Insider:
Aetna, one of the country’s five largest health insurers, announced on Monday evening that it would be pulling out of nearly 70% of the counties in which it offers coverage under the Affordable Care Act.
The firm said that after a review of its public-health-exchange business it determined that the nearly $300 million in pretax loss it was sustaining on an annual basis was not worth the business.
In its new plan, it will offer healthcare options through the public exchanges in just 242 of the 778 counties where it now operates. These will be mainly in Delaware, Iowa, Nebraska, and Virginia.
