Health insurer Humana Inc. plans to exit all Obamacaremarketplaces for 2018, another blow to the government health lawthat’s already facing the threat of repeal or significantalteration by Republicans and President Donald Trump.

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Trump chimed in on Twitter after Humana announced its planTuesday afternoon. “Obamacare continues to fail. Humana to pull outin 2018. Will repeal, replace & save healthcare for ALL,”Trump said in a tweet.

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Humana’s announcement came as the insurer laid out a newstrategic plan following the dissolution earlier in the day of its$37 billion takeover by Aetna Inc. Humana sees losing$45 million on Affordable Care Act plans, Chief ExecutiveOfficer Bruce Broussard said on a conference call with investorsand analysts.

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Trump and Republicans in Congress have promised to do away withthe ACA and replace it with a better program. Democrats and somehealth-care industry leaders contend that the replacement should beready to implement when the ACA is repealed, and that no such planis yet visible.

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Reducing presence

The company said it had about 204,000 members in individualhealth insurance plans in January, including 152,000 customers inObamacare-compliant health plans. That’s down from 654,800 in allindividual plans on Dec. 31, after Humana exited some states andscaled back its footprint in others.

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The insurer said in July that it was reducing its presence inthe individual market for 2017. At the time, the company said itwas halting almost all sales of individual health insurance off ofObamacare’s exchanges. Humana said that for 2017 it would offerindividual plans in about 156 counties in 11 states, down from1,351 counties in 19 states a year earlier.

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Humana announced its move out of Obamacare as Broussard sets thestrategy for his Louisville, Kentucky-based firm to go it aloneafter its merger with Aetna was blocked in court. Since strikingthe deal, Humana has pulled back from the Affordable Care Act’sindividual market, pressuring growth. The company is also workingto improve its main business, Medicare Advantage plans, after aslump in government “star” ratings of products’ value that couldweigh on profits.

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Adjusted profit for 2017 will be $10.80 to $11 a share, Humanasaid in a statement. That’s toward the higher end of analysts’estimates, which average $10.81 a share. The company authorizedshare buybacks of $1.5 billion for the first quarter of 2017 and$500 million for the rest of the year. The company said it hasauthorized share buybacks this year worth as much as $2billion.

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Aetna and Humana agreed to give up on their merger after afederal judge blocked it on Jan. 23. The judge sided with JusticeDepartment lawyers who said that allowing the insurers to combinewould harm competition, mainly in the market for Medicare Advantageplans.

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Since agreeing to be acquired, Humana hasn’t been holding thecustomary quarterly calls when it reports results, though thecompany has said it held private meetings with investors. Broussardalso said that the company would like to divest its long term carebusiness.

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