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Aetna to pull out of most Obamacare exchanges
CNN: In the latest blow to Obamacare, Aetna is vastly reducing its presence on the individual exchanges in 2017. The insurer will stop offering policies on the exchanges in 11 of the 15 states where it currently operates, according to a press release it issued Monday evening. Aetna (AET) will only sell Obamacare products in Delaware, Iowa, Nebraska and Virginia. Aetna said earlier this month that it was halting its exchange expansion plans for 2017 and reviewing its participation in President Obama's signature health reform program. The company noted Monday that it has lost $430 million in its individual policies unit since the exchanges opened in January 2014. or its affiliates.
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