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More Troubles for ObamaCare & Health Insurer Mergers

from PIA Western Alliance

Aetna was going to move to the health insurance exchanges of five new states in 2017. Those plans — as of last week — are on hold. And it is going to reassess those states where it is currently participating and serving 838,000 consumers. All this happened in the light of the U.S. Justice Department nixing Aetna's planned purchase of Humana. Aetna CEO Mark Bertolini put the decision in perspective and said, "in light of updated 2016 projections for our individual products and the significant structural challenges facing the public exchanges, we intend to withdraw all of our 2017 public exchange expansion plans, and are undertaking a complete evaluation of future participation in our current 15-state footprint." more


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