Aetna isn't feeling quite so good about the Affordable Care Act marketplace after all.
The health insurance giant, which is gearing up for a legal battle with the U.S. Department of Justice over its attempts to acquire rival Humana, announced this week that it will not expand into more ACA state marketplaces and that it may soon exit the 15 in which it currently sells plans.
America's third largest insurer projects that it will lose $300 million on its ACA business this year, putting it in similar territory as the other "big five" insurers, all of whom have indicated that they have yet to turn a profit on Obamacare.
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
