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Aetna to Completely Pull Out of ObamaCare Exchanges by 2018
By Brittany De Lea Published May 10, 2017

Health insurance company Aetna (AET) announced Wednesday it will completely withdraw from the ObamaCare marketplace in 2018, a decision Health and Human Services Secretary Tom Price perceived as a sign of continued instability in the health care sector under the Affordable Care Act.

“Aetna’s decision to completely withdraw from the ObamaCare exchanges adds to the mountain of evidence that ObamaCare has failed the American people. Repealing and replacing it with patient-centered solutions that stabilize the marketplace to bring down costs and increase choices is the only solution,” Price said late Wednesday.

The company will not offer insurance plans in Delaware or Nebraska, the remaining two states where it was slated to provide coverage under the Affordable Care Act next year.

“At this time [we] have completely exited the exchanges,” Aetna said in a statement to FOX Business.

In April Aetna said it would not participate on the state exchanges in Virginia next year and last week committed to pulling out of Iowa Opens a New Window. . In 2016 the insurer sold plans across fifteen states. It trimmed that position to just four states at the outset of 2017, citing financial losses.

“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. 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 company said Wednesday.

ROSAL

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Originally posted by Opus Dei:
Can't stand how the insurers give the effect instead of the cause as the reason for this.

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Originally posted by BRL:
The loud mouth clown that was the architect of Obamacare was just on Fox saying that Aetna pulling out now is the fault of Paul Ryan and Trump because of their inability to get this passed in a timely manner leaving uncertainty for what the future holds. Never mind the $700 million they've lost so far and the likelihood of pushing that to a Billion within a year.

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Originally posted by Sig2340:
When will the Congress admit Obamacare failed?

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Originally posted by bigdeal:

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Originally posted by BRL:
The loud mouth clown that was the architect of Obamacare was just on Fox saying that Aetna pulling out now is the fault of Paul Ryan and Trump because of their inability to get this passed in a timely manner leaving uncertainty for what the future holds. Never mind the $700 million they've lost so far and the likelihood of pushing that to a Billion within a year.

At my age, there are few people left that I'd actually relish the opportunity to 'put hands on'. Jonathan Gruber 'is' one of those people.

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Originally posted by Balzé Halzé:

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Originally posted by bigdeal:

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Originally posted by BRL:
The loud mouth clown that was the architect of Obamacare was just on Fox saying that Aetna pulling out now is the fault of Paul Ryan and Trump because of their inability to get this passed in a timely manner leaving uncertainty for what the future holds. Never mind the $700 million they've lost so far and the likelihood of pushing that to a Billion within a year.

At my age, there are few people left that I'd actually relish the opportunity to 'put hands on'. Jonathan Gruber 'is' one of those people.

Gruber deserves it for sure, but the man BRL is referring to is the equally slimy Ezekiel Emanuel.

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Originally posted by PASig:

The Democrats will never do that. All you'll hear is how it was the Republican's fault, that they prevented it from working.