Aetna Insurance Little By Little Pulling Almost Completely Out of ObamaCare

THE WORST KEPT SECRET, OBAMACARE IS A COMPLETE FAILURE.

Don’t look now but Aetna has announced that it will drastically scale back its Obamacare presence next year. Aetna said it will scale back from participating in 15 states this year to just four states in 2017. Aetna will only sell Obamacare products in Delaware, Iowa, Nebraska and Virginia. This on the foot heels of pullbacks from other major insurers, including UnitedHealthcare and Humana. There is a possibility that certain.  Obamacare marketplaces may have no insurance carriers for individual’s coverage. Sorry to say I told you so, but we did. This was doomed from the outset. This was the most flawed law ever to be enacted and it was designed to fail so that Democrats could give us a single health payer system that will be even more disastrous.

In a blow to the health care law, Aetna — one of the largest health insurers in the country — announced Monday that it will significantly scale back its presence on the ObamaCare marketplaces next year.

The move comes as a range of insurers have complained of financial losses on the ObamaCare marketplaces.

The company said it will scale back from participating in 15 states this year to just four states 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,” Aetna CEO Mark Bertolini said in a statement, citing a loss of $200 million in the second quarter.

The Obama administration argued the move is not a sign that the ObamaCare marketplaces are in trouble.