Bertolini says the decision to leave the ACA markets has nothing to do with the DOJ halting its acquisition of Humana. (Photo: Jacquelyn Martin/AP Photo)

Aetna Inc. Chief Executive Officer Mark Bertolini defended the decision this year to withdraw from Obamacare markets, saying the move was driven by mounting losses and not the U.S. lawsuit against the health insurer’s planned takeover of Humana Inc.

In testimony Friday in Washington, Bertolini disputed that Aetna’s pullout from the insurance exchanges was triggered by the Justice Department’s case. The insurer was projecting losses of $800 million to $900 million in 2017 from the exchanges and had to do something “to stop the bleeding,” he said.

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