- Joined
- Mar 14, 2013
- Messages
- 28,152
- Reaction score
- 0
Aetna Inc. said it will pull out of the Affordable Care Act exchanges in Delaware and Nebraska next year, confirming that the insurer will exit all of the marketplaces where it currently sells plans.
Earlier, Aetna AET, +0.94% announced it was leaving the exchanges in Iowa and Virginia, its other two current marketplace states. The company also said publicly that it planned on “significantly reducing” its marketplace business, which has continued to lose money even though Aetna had already sharply cut its exchange footprint in 2017 from 15 states last year.
Aetna said its individual plans are projected to lose more than $200 million this year, and “those losses are the result of marketplace structural issues that have led to co-op failures and carrier exits, and subsequent risk pool deterioration.” The insurer said that “at this time [we] have completely exited the exchanges.”
However, Heather Korbulic, executive director of Nevada’s health-insurance marketplace, said Aetna has filed materials indicating that it will offer plans there next year. “We are anticipating their participation in the exchange for 2018,” she said. “We’re happy there will be more competition in the marketplace.” Aetna agreed to enter the exchange as part of a contract to manage Medicaid plans in the state, she said.
http://www.marketwatch.com/story/ae...rent-affordable-care-act-exchanges-2017-05-11
Democrats: Millions will die if you repeal Obamacare....
Earlier, Aetna AET, +0.94% announced it was leaving the exchanges in Iowa and Virginia, its other two current marketplace states. The company also said publicly that it planned on “significantly reducing” its marketplace business, which has continued to lose money even though Aetna had already sharply cut its exchange footprint in 2017 from 15 states last year.
Aetna said its individual plans are projected to lose more than $200 million this year, and “those losses are the result of marketplace structural issues that have led to co-op failures and carrier exits, and subsequent risk pool deterioration.” The insurer said that “at this time [we] have completely exited the exchanges.”
However, Heather Korbulic, executive director of Nevada’s health-insurance marketplace, said Aetna has filed materials indicating that it will offer plans there next year. “We are anticipating their participation in the exchange for 2018,” she said. “We’re happy there will be more competition in the marketplace.” Aetna agreed to enter the exchange as part of a contract to manage Medicaid plans in the state, she said.
http://www.marketwatch.com/story/ae...rent-affordable-care-act-exchanges-2017-05-11
Democrats: Millions will die if you repeal Obamacare....