October 20, 2018

Two More Insurance Companies Drop Out Of Failing Obamacare Exchanges

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

Insurance giant Aetna is the latest provider to announce staggering losses on ObamaCare plans — 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 “undertaking a complete valuation of future participation in our current 15-state footprint,” as CEO […]

Largest health insurer in US drops out of almost all Obamacare exchanges

United Health, the nation’s largest health insurer, announced that they will be dropping out of all but “a handful” of state exchanges, citing huge losses. The Hill: The moves by United, the nation’s largest health insurer, have drawn attention for what they could indicate about the sustainability of ObamaCare as whole. But as the Obama […]

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