Aetna completely exits Obamacare exchanges, cites massive losses

May 11, 2017

Aetna -completely
Health insurance giant Aetna said Wednesday that it will not be participating in any Obamacare exchanges in 2018.

“Our individual commercial products lost nearly $700 million between 2014 and 2016, and are projected to lose more than $200 million in 2017 despite a significant reduction in membership,” T.J. Crawford, Aetna spokesman, said in an email.

The reason for the losses, he said, came from structural issues within the exchanges “that have led to co-op failures and carrier exits, and subsequent risk pool deterioration.” He did not cite uncertainty over the future of Obamacare, as the company had done when it announced last week that it would be exiting the exchange in Virginia.

Aetna also announced in early April that it would be pulling out of the exchange in Iowa, and the latest announcement adds Delaware and Nebraska to that list, both on and off the exchange.

8 Comments - what are your thoughts?

  • ONTIME says:

    The ultimate goal by the left is to eliminate the insurance companies from the health care formula and push the entire HC agenda onto the tax payers by using a single payer plan…choice and free enterprise will no longer be considered….I this what you want?

  • bobnstuff says:

    If Aetna wants to pull out of the exchanges they should also be pulled from writing any government paid for insurance, No Medicaid, no CHIP or any other government paid insurance. Those losses look large until you see that there net income from the companies is $2,271 million. They paid out in bonuses more the they lost on the marketplace. Had the government let Aetna merge like they wanted to the said they would stay in the exchange, no blackmail there right.

  • Ken says says:

    Barry accidentally screwed the Insurance companies too. Now they don’t want to play Barry’s “guaranteed profits” game anymore. Fines and threats were not enough to get the 20 and 30 year old citizens to pay for the chronic ills of the some citizens – WTF – they have their hands full paying their own.

  • Patriot159 says:

    Never saw that coming huh? I swear Oscamus Care was/is a plot to harm, not help, Americans!

    1. Angierwilliamson says:

      Google is paying 97$ per hour! Work for few hours & have longer with friends and family! !ss325c:
      On tuesday I got a great new Land Rover Range Rover from having earned $8752 this last four weeks.. Its the most-financialy rewarding I’ve had.. Follow this link for more information
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      1. Ken says says:

        Load pimp and mattress on your camel and move on.

    2. gvette says:

      Government run healthcare is about control, not healthcare. Remember in history, the first thing Hitler did, was government controlled healthcare!

    3. Chris Robinette says:

      You know it is.

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