Aetna to Cut Back 70% on Obamacare in 2017

[Weatherman2020]

THAT MEANS IT’S WORKING:
Aetna to cut back 70 pct on Obamacare plans in 2017.

“As a strong supporter of public exchanges as a means to meet the needs of the uninsured, we regret having to make this decision,” Marc Bertolini, Aetna chairman and CEO, said in a statement.

The insurance giant says it will offer ACA exchange plans in Delaware, Iowa, Nebraska and Virginia, slashing its Obamacare footprint by 70 percent next year. It will offer ACA plans in just 242 counties, nationally, down from nearly 780 this year.

Aetna’s announcement comes two weeks after the company booked $200 million in ACA-related pre-tax losses in its Q2 earnings report and nearly one month after the Department of Justice’s anti-trust division sued to block the health insurer’s acquisition of rival Humana.

Humana has also announced it will cut back sharply from the exchanges. Their pullback, in the wake of UnitedHealth’s departure from all but a handful of exchanges, means that hundreds of thousands of Obamacare plan members will no longer have access to plans from the nation’s three major insurers in 2017.



Customers “taxed” into buying insurance they can’t afford to use from insurers who can’t afford to sell it is a recipe for government-mandated failure.

Free markets will take the blame.

 

[WillowTree]

Thanks Democrats!

 

[SassyIrishLass]

We told them it wouldn't work

 

[Weatherman2020]

Obama has handed Hillary a ticking time bomb.

 

[MarathonMike]

This is just the first wave of the disastrous affects of this law. ACA will continue to expand, morph, increase costs and eat up more of the Federal budget. This has nothing to do with extending care it has everything to do with extending Federal control.

 

[the_human_being]

It's such a success that even with a Presidential mandate that people buy it, there remains in 2016 some 30 million uninsured.

 

[ShootSpeeders]

And remember not a single repub in congress voted for this mess. This is 100% a democrat screw-up.

Aetna Will Abandon Obamacare Patients In More Than 500 U.S. Counties

[8/16/16] Aetna said it will reduce by more than 500 U.S. counties its participation in public exchanges under the Affordable Care Act in the face of hundreds of millions of dollars in losses.

In 2017, Aetna said it will be in just 242 counties, down from 778. Aetna will remain on-exchange in just four states: Delaware, Iowa, Nebraska and Virginia, compared to 15 states where it operates this year.

Monday night’s announcement comes after Aetna AET -0.41% said earlier this month that it would evaluate all of its individual plans in 15 states. Humana HUM -0.77% has already said it is pulling off most ACA exchanges for next year. And rivalUnitedHealth Group UNH -0.85%, too, is scaling back to three states, leaving AnthemWLP +% and Blue Cross and Blue Shield plans as the main Obamacare providers across the country.

 

[ShootSpeeders]

We should ban health insurance. 60 years ago most americans did not have health insurance and health care was fine and much much cheaper. Health care works better without a third party payment system. If everyone has to pay their own medical bills.then

1. People take care of their health and when they got sick, they doctor themselves

2. People haggle with doctors over prices

3. There is very little fraud

 

[Penelope]

And remember not a single repub in congress voted for this mess. This is 100% a democrat screw-up.

Aetna Will Abandon Obamacare Patients In More Than 500 U.S. Counties

[8/16/16] Aetna said it will reduce by more than 500 U.S. counties its participation in public exchanges under the Affordable Care Act in the face of hundreds of millions of dollars in losses.

In 2017, Aetna said it will be in just 242 counties, down from 778. Aetna will remain on-exchange in just four states: Delaware, Iowa, Nebraska and Virginia, compared to 15 states where it operates this year.

Monday night’s announcement comes after Aetna AET -0.41% said earlier this month that it would evaluate all of its individual plans in 15 states. Humana HUM -0.77% has already said it is pulling off most ACA exchanges for next year. And rivalUnitedHealth Group UNH -0.85%, too, is scaling back to three states, leaving AnthemWLP +% and Blue Cross and Blue Shield plans as the main Obamacare providers across the country.

there is no need for insurance companies anymore. They are pushing us into gov healthcare and well just hurting themselves.

 

[Dekster]

Translation: We cannot get enough young lower income workers to pay for something they don't need to subsidize the fat baby boomers via a hidden tax.

 

[Katzndogz]

If health insurance was like car insurance then it would be improved. Your car insurance doesn't replace tires or windshield wipers. You don't file an insurance claim to change the oil.

 

[AmericanFirst1]

And remember not a single repub in congress voted for this mess. This is 100% a democrat screw-up.

Aetna Will Abandon Obamacare Patients In More Than 500 U.S. Counties

[8/16/16] Aetna said it will reduce by more than 500 U.S. counties its participation in public exchanges under the Affordable Care Act in the face of hundreds of millions of dollars in losses.

In 2017, Aetna said it will be in just 242 counties, down from 778. Aetna will remain on-exchange in just four states: Delaware, Iowa, Nebraska and Virginia, compared to 15 states where it operates this year.

Monday night’s announcement comes after Aetna AET -0.41% said earlier this month that it would evaluate all of its individual plans in 15 states. Humana HUM -0.77% has already said it is pulling off most ACA exchanges for next year. And rivalUnitedHealth Group UNH -0.85%, too, is scaling back to three states, leaving AnthemWLP +% and Blue Cross and Blue Shield plans as the main Obamacare providers across the country.

there is no need for insurance companies anymore. They are pushing us into gov healthcare and well just hurting themselves.

A socialists dream.

 

[ShootSpeeders]

If health insurance was like car insurance then it would be improved. Your car insurance doesn't replace tires or windshield wipers. You don't file an insurance claim to change the oil.

Yup - stupid democrats tell us "health care is a RIGHT and all health care bills should be paid for by someone else"!!!!

 

[CrusaderFrank]

And remember not a single repub in congress voted for this mess. This is 100% a democrat screw-up.

Aetna Will Abandon Obamacare Patients In More Than 500 U.S. Counties

[8/16/16] Aetna said it will reduce by more than 500 U.S. counties its participation in public exchanges under the Affordable Care Act in the face of hundreds of millions of dollars in losses.

In 2017, Aetna said it will be in just 242 counties, down from 778. Aetna will remain on-exchange in just four states: Delaware, Iowa, Nebraska and Virginia, compared to 15 states where it operates this year.

Monday night’s announcement comes after Aetna AET -0.41% said earlier this month that it would evaluate all of its individual plans in 15 states. Humana HUM -0.77% has already said it is pulling off most ACA exchanges for next year. And rivalUnitedHealth Group UNH -0.85%, too, is scaling back to three states, leaving AnthemWLP +% and Blue Cross and Blue Shield plans as the main Obamacare providers across the country.

ObamaCare is the Biggest Disaster in history

What a complete clusterfuck

 

[Arianrhod]

THAT MEANS IT’S WORKING:

Well, you got that part right.

 

[NCC1701]

Translation: We cannot get enough young lower income workers to pay for something they don't need to subsidize the fat baby boomers via a hidden tax.

The millennials voted Obama and are all for this shit, then reality hits and when they are asked to enroll and pay they run away. Young people are a bunch of two faced liberals.

 

[Arianrhod]

Major insurer pulls out of a market, leaves room for smaller start-up insurers to fill the vacuum. Consumer benefits. Bonus: RWNJs have no idea what's happening.

 

[aris2chat]

Largest Insurer Pulls Out of Obamcare Exchanges | US News
www.usnews.com/.../largest-insurer-pulls-out-of-obamcare...
U.S. News & World Report
Apr 19, 2016 - UnitedHealth Group, the nation's largest health insurer, announced Tuesday that it will be pulling out of Obamacare's insurance marketplaces ...
Many ObamaCare Customers Down to One Provider As Insurance ...
www.breitbart.com/.../many-obamacare-customers-one-provider-insura...
Breitbart News
May 16, 2016 - This effectively turns ObamaCare into a state mandated monopoly, ... her existinghealth insurance plan when her provider pulls out of the local ...
Presbyterian to drop out of Obamacare exchange | Albuquerque Journal
www.abqjournal.com/.../presbyterian-pulls-out-of-obamacare-m...
Albuquerque Journal
Jul 11, 2016 - Thousands of New Mexicans had to shop for new health insurance ... of large carriers have said they are pulling out of Obamacare in 2017.
Florida health insurance exchange / marketplace: Obamacare ...
https://www.healthinsurance.org/florida-state-health-insurance-exchange/
florida guide to health insurance Get a free health insurance quote ... And Cigna will re-enter the Flordia exchange after pulling out at the end of 2015 (details ...
Will Health Insurance Companies Succeed Where the GOP Couldn't ...
www.alternet.org/economy/will-insurance-companies-kill-obamacare
AlterNet
Aug 4, 2016 - The reasons health insurance companies cite for pulling out of the Obamacaredeserve a little scrutiny. Insurers have pointed to the money ...
Major Health Insurer Bailing On Most Obamacare Exchanges
www.huffingtonpost.com/.../unitedhealth-group-obamacare-exch...
The Huffington Post
Apr 19, 2016 - WASHINGTON — UnitedHealth Group, the largest health insurer in the U.S., will pull out of most states' Obamacare exchanges next year, the ...

 

[aris2chat]

Blue Cross, Health Net drop Affordable Care Act marketplace plans
www.azcentral.com/.../health/.../blue...blue...health...care...plans...
The Arizona Republic
Jun 30, 2016 - Two major health insurance companies, Blue Cross Blue Shield of Arizona ... by the exit of Blue Cross Blue Shield of Arizona and Health Net from the ACA .... While Blue Cross BlueShield is pulling out of the marketplace in ...

 

[peabody]

This is good news. Now we can start over and NATIONALIZE health care in America.

The corporations had their chance and they suck even worse than the government at providing health care.