Featured

This Doesn’t Look Good For Obamacare

Screen_Shot_2015-11-13_at_6.13.15_PM.0.0

The Fifth Column

President Obama

VOX POLICY & POLITICS

Just a few months ago, Aetna was an insurer you could count on to be especially bullish on Obamacare.

Chief executive Mark Bertolini told Aetna shareholders in April that the law was “a good investment.” In May, he announced plans to expand to five additional states.

But Aetna made a sharp about-face on Obamacare this month. Last week, the insurer scrapped that expansion plan, citing millions in losses on the marketplaces. And on Monday, Aetna announced it would quit 11 states it currently sells in, remaining in just four markets.

Aetna did not quit Obamacare quietly. Bertolini used his announcement to throw jabs at Obamacare as an especially bad investment, noting that “more than 40 [health plans] have similarly chosen to stop selling.”

Aetna follows United and about a dozen other insurers who have, in recent months, decided to quit Obamacare or significantly…

View original post 1,001 more words

Categories: Featured

Tagged as:

2 replies »

Reply At Your Own Risk. Leave The Dumbfuckery At The Door.

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s