Insurer Aetna announced Wednesday that it is exiting its last remaining ObamaCare markets, meaning it will not be participating on the health law's exchanges at all next year. Hartford, Conn. -based Aetna announced it will stop selling individual insurance plans on and off the exchanges in Nebraska and DE in 2018, just weeks after pulling out of the exchanges in Iowa and Virginia.
Aetna has now "completely exited the exchanges", the company said in an emailed statement.
The insurer attributed the losses to "marketplace structural issues, that have led to co-op failures and carrier exits, and subsequent risk pool deterioration".
Aetna's Individual Commercial products lost approximately $700 million between 2014 and 2016, and could lose another $200 million this year, the insurer estimated.
Chibok girls remain in captivity - BBOG reminds Nigerian government
A handful of other girls have either escaped or been rescued, but 113 still remained unaccounted for following Saturday's release. According to ICRC, on its Twitter page it stated that it acted as an intermediary between Boko Haram and the Nigerian government.
Earlier in the month, US President Donald Trump stated he is confident House Speaker Paul Ryan and the congressional Freedom Caucus will finish the job of passing a new healthcare reform bill to replace the Affordable Care Act, also known as Obamacare. Medica has pulled back as well, saying it may exit the program in Iowa, leaving much of the state without insurance options under Obamacare.
Greg Bury, a Medica spokesman, said, "We have not made a decision and are reviewing all of our options".
Political uncertainty surrounding funding for a key provision of the ACA and the looming possible repeal of the law after the passage of the American Health Care Act in the House have caused insurers to reconsider their offerings for the 2018 plan year. But T.J. Crawford, spokesman for Aetna, declined to comment on the insurer's "potential Nevada presence".
In Delaware, the Blue Cross and Blue Shield company Highmark would be the lone Obamacare insurer, assuming no other company enters.
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