Aetna insurer will not sell Obamacare in most states - ForumDaily
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Insurer Aetna will not sell Obamacare in most states.

Photo: depositphotos.com

Photo: depositphotos.com

Aetna, the third-largest U.S. health insurance company, said Monday that it will sell government-subsidized personal insurance next year in only 4 states: Delaware, Iowa, Nebraska and Virginia due to persistent financial losses from Obamacare's plans. Obamacare products are now available in 15 states.

The company noted that it lost $ 430 million since the start of Obamacare sales in January 2014. As of late June, the company has insured 838 Americans. Aetna said their customers were sicker and more costly than expected. The company, along with its colleagues, criticized the federal program aimed at mitigating these risks.

«Обеспечить доступными ценами и медико-санитарной помощью высокого качества потребителей невозможно без сбалансированных действий по уменьшению рисков», — сказал генеральный директор компании Aetna Марк Бертолини.

The company will continue to offer non-Obamacare individual insurance plans. However, such products are not eligible for federal subsidies.

Aetna issued a statement a month after the Justice Department blocked its plans to merge with Humana.

Like Aetna, a growing number of insurers on the ObamaCare exchanges are expressing concerns about the viability of the program as they are suffering heavy losses. Many say their fees are too low to cover the cost of care.

United Healthcare, the nation's largest insurer, lost about $ 1 billion to Obamacare policies in 2015 and 2016 and will leave Obamacare in 2017.

More than half of the insurance cooperatives established and financed by the law on health care reform have not been crowned with success. This means that consumers are limited in the choice of insurance companies.

In order to cover the costs of sick patients, many insurers request large premiums for the 2017 year. They ask to increase them on average by 9%.

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