Monday, August 5, 2013

Aetna pulls out of Obamacare exchanges in Maryland - can't operate at a loss

aetna obamacare domino effect Collage

Re-blogged from Wintery Night
Aetna Inc pulled out of Maryland's health insurance exchange being created under President Barack Obama's healthcare reform law after the state pressed it to lower its proposed rates by up to 29 percent. Under the law, often called Obamacare, each U.S. state will have an online exchange where Americans will be able to buy insurance plans, starting on October 1....
...In an August 1 letter sent to the Maryland Department of Insurance, Aetna said the state’s requirement for rate reductions off its proposed prices would lead it to operate at a loss. The rate reductions include products from Aetna and Coventry Health Care, which it bought this spring....
Who's next? Who's next? Who's next?

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