Obamacare is going down the Toilet
Aug 5, 2016 – Earlier this year, United Healthcare, the nation’s largest health insurance provider, announced that it would be cutting ties with the ACA exchanges. Since that announcement, other insurers have followed suit. The 2017 open enrollment period may turn out to be a more challenging experience for people with UHC plans, especially in areas with limited options to begin with.
Health insurer Aetna Inc. will stop selling individual Obamacare plans next year in 11 of the 15 states where it had been participating in the program, joining other major insurers who’ve pulled out of the government-run markets in the face of mounting losses.
In a election year this is not good.
Here’s a full list of the states Aetna is exiting:
Arizona, Kentucky, Pennsylvania, Florida, Missouri, South Carolina, Georgia, North Carolina, Texas, Illinois, Ohio
Aetna covered about 838,000 people through the Obamacare exchange in its 15 states as of June 30, and on Aug. 2 said it was re-evaluating its approach to the market. At the time, the company said it was scrapping plans to expand into new states for 2017.
“We’ve got to be able to cover the costs associated with providing the care,” Aetna CEO Bertolini said in an interview at the time.
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