Aetna to Cut Back 70% on Obamacare in 2017

[Lewdog]

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.

U.S. judge finds that Aetna misled the public about its reasons for quitting Obamacare

Aetna claimed this summer that it was pulling out of all but four of the 15 states where it was providing Obamacare individual insurance because of a business decision — it was simply losing too much money on the Obamacare exchanges. Now a federal judge has ruled that that was a rank falsehood. In fact, says Judge John D. Bates, Aetna made its decision at least partially in response to a federal antitrust lawsuit blocking its proposed $37-billion merger with Humana. Aetna threatened federal officials with the pullout before the lawsuit was filed, and followed through on its threat once it was filed. Bates made the observations in the course of a ruling he issued Monday blocking the merger.

U.S. judge finds that Aetna misled the public about its reasons for quitting Obamacare

This thread must have an echo...

It does, since it a weatherman empty head thread, the echo chamber is very large...

No, I posted the very same thing you did and revived this thread, just three posts before you posted.

 

[Moonglow]

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.

U.S. judge finds that Aetna misled the public about its reasons for quitting Obamacare

Aetna claimed this summer that it was pulling out of all but four of the 15 states where it was providing Obamacare individual insurance because of a business decision — it was simply losing too much money on the Obamacare exchanges. Now a federal judge has ruled that that was a rank falsehood. In fact, says Judge John D. Bates, Aetna made its decision at least partially in response to a federal antitrust lawsuit blocking its proposed $37-billion merger with Humana. Aetna threatened federal officials with the pullout before the lawsuit was filed, and followed through on its threat once it was filed. Bates made the observations in the course of a ruling he issued Monday blocking the merger.

U.S. judge finds that Aetna misled the public about its reasons for quitting Obamacare

This thread must have an echo...

It does, since it a weatherman empty head thread, the echo chamber is very large...

No, I posted the very same thing you did and revived this thread, just three posts before you posted.

I noticed that after I posted it, sorry to tread on your post..

 

[Sun Devil 92]

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.

My families health care has always been beyond perfect. Affordable, total coverage, no problems.
I have to think that maybe its not the insurance companies that are failing the people, but more so the people failing their families by not providing for them properly,
I'm by no means rich so If I can make it work, I see no reason that the majority of people cant do the same.
Maybe it has to do with priorities, Do I buy the crack from the corner dealer or do I take that money and provide for my families needs.. Tough decision.

We spend 8,500 per person per year.

That you (and I) have great insurance means that someone else is paying a lot more.

Why can't we acknowledge that 800# gorilla in the room ?

Is that all, my husband paid more than that for one person in 2013.

Average....think about it.

 

[Maryland Patriot]

Take ALL the government money away from the healthcare insurance providers and give it only to non-profit hospitals.

I think thats a great idea, however why only the non-profit?