Aetna Pulling Out of Its Remaining Obamacare Markets in 2018

Nebraska health care decisions uncertain amid deadline

With Aetna's departure, Nebraska and DE are both left with a sole insurer, said Cynthia Cox, associate director for health reform at the Kaiser Family Foundation. Its decision to stop offering plans came after "seeing signs of an unbalanced risk pool based on the results of the 2017 open enrollment period, therefore we've decided that we can't continue to offer this coverage in 2018", Bruce Broussard, chief executive of Humana, told reporters.

Insurance companies are still making decisions about whether to offer coverage for individuals next year on these markets, and price increase requests are only just starting to be revealed by state regulators.

Aetna has also pulled out of the individual market outside of the Obamacare exchanges in several states and is still deciding whether to participate in the remainder, a spokesman said.

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The nation's third-largest insurer, Aetna, said Wednesday that it will completely leave the exchanges for 2018 after projecting a $200 million loss for this year.

Along with "structural issues", Crawford said, "uncertainty that has surrounded the future of the exchanges for some time now ... plays a significant role as well".

United States medical insurer Aetna has chose to leave the Obamacare market and consequently will not take part in any exchanges after 2018, according to media reports.

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The move leaves Highmark Blue Cross Blue Shield of DE, which has most of the individual market share in DE, as the only insurer providing coverage on the state's health insurance exchange. "This continued assault on the ACA's insurance marketplaces, just when they were becoming financially stable, has sowed confusion and fear among Americans about whether they will be able to access health care".

Another blow to ObamaCare as another major insurer drops out of the marketplace. "Repealing and replacing it with patient-centered solutions that stabilize the marketplace to bring down costs and increase choices is the only solution".

The news of the pullout follows announcements from Aetna in recent weeks that it would pull out of Iowa and Virginia.

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With the latest departures, more than 40 percent of US counties would have only one insurer selling coverage on their marketplaces for next year, according to data compiled by The Associated Press and the consulting firm Avalere.

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