AETNA TO COMPLETELY PULL OUT OF OBAMACARE EXCHANGES BY 2018
Health Insurance Company Aetna has decided to completely pull out of the Obamacare marketplace in 2018. This announcement was made on Wednesday. This decision by the country’s third-largest health insurer has been viewed as another blow to the American health sector by Secretary Tom Price.
Price said on Wednesday, “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.”
Late Wednesday, Aetna announced it will not sell individual coverage in Nebraska and Delaware in 2018 following a projected $200 million loss this year.
The company said in a statement to FOX Business, “At this time (we) have completely exited the exchanges.”
It would be recalled that the company said in April it will not take part in next year’s state exchanges in Virginia and only last week pulled out of Iowa. Last year, Aetna sold plans across fifteen states and reduced that figure to four at the start of 2017 citing financial difficulties as the major reason.
The company said in a statement on Wednesday, “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.”
It would be recalled that the House of Representatives passed a bill to repeal the Affordable Care Act often called Obama Care. On Tuesday, House Speaker Paul Ryan disclosed to Fox News he is very optimistic the bill will pass the Senate within a month or two.
Diamond and Silk discuss Health Care:
JOIN THE CONVERSATION.
POST YOUR COMMENTS BELOW.
LIKE AND SHARE THIS PAGE
Check out our Video, Audio and Pictures from the Pocono Raceway "NASCAR."
Two very prominent black pastors in the D.C. area, William Lamar and Delman Coates have filed a lawsuit against Coca-Cola and the American Beverage Association.
California Rep. Adam Schiff has labeled the rumored meeting between fellow Washington Democrats and officials from Ukraine “inappropriate”.
Jesse Watters had a quite busy weekend as he engaged an anti-fascism protester in a debate as the group is calling for violence against the “Trump administration”.
A report released by the Senate on Thursday revealed that the Donald Trump administration has had to deal with one media leak per day since assuming office.
Diamond and Silk does not profess to be expert staticians, but common sense tells us that we need to take a closer look at the current CBO projections in the midst of all the healthcare bill bashing that we are seeing from pundits who just like leaning on nice negative sound bites!!
President Donald Trump met with Enrique Peña Nieto, his counterpart from Mexico on Friday. The duo met at the G20 summit in Hamburg, Germany and President Trump said he "absolutely" wanted Mexico to pay for a massive wall along the US-Mexico border.
Activists are calling for a rehire of a college instructor relieved of her duties last month after she was accused of making racially insensitive remarks during an interview with FOX News.
A Louisiana police officer who sustained wounds in a shooting spree in Baton Rouge last year filed a lawsuit against Black Lives Matter leaders on Friday
A woman has been accused of killing her four children and husband in Atlanta, authorities have confirmed.