Two more insurance companies have announced that they will leave Obamacare’s failing exchanges. On Monday, The New York Times reported that Wellmark Blue Cross and Blue Shield announced their intention to leave Iowa’s Obamacare exchange next year because they lost $90 million in three years due to most of their enrollees having “expensive medical conditions.” “Finding […]
Obamacare Meltdown: Aetna to exit exchanges as premiums skyrocket
August 16, 2016 by
Insurance giant Aetna is the latest provider to announce staggering losses on ObamaCare plans â some $300 million last year, in just 15 states. Soaring costs prompted Aetna to cancel its plans to expand into more states, and the company is âundertaking a complete valuation of future participation in our current 15-state footprint,â as CEO […]