(Bloomberg) -- Healthier people will avoid buying Affordable Care Act health insurance plans aspremiums climb, threatening the stability of the market, Aetna CEO Mark Bertolini said.
“As the rates rise, the healthier people pull out because theout-of-pocket costs aren’t worth it,” Bertolini said at Bloomberg’sThe Year Ahead Summit in New York. “Young people can do the math.Gas for the car, beer on Fridays and Saturdays, healthinsurance.”
Premiums for health plans sold to individuals under the ACA,known as Obamacare, are going up by about 25 percent onaverage for next year. Bertolini said that as costs rise, moreindividuals will decide not to buy health plans. That’ll pushpremiums even higher, unless a new president and lawmakers can findfixes for the new markets created by the 2010 health law.
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