Aetna, which earlier this year said it was too soon to give up on the exchanges despite its challenges, this month signaled it was reconsidering. On Aug. 2, the company said it would not expand in 2017 and would review all its individual business.
Many insurers last year had said they expected to profit on the exchanges, but now say more exchange rules must be changed for it to be sustainable. Only about 11 million people have signed up through the exchanges, about half as many as expected.
Also read: Obamacare premiums to go up by double digits
23:47 Average premiums for popular ACA plans rising 25 percent10
23:46 Some Health Plan Costs to Increase by an Average of 25 Percent, U.S. Says11
20:15 Obama: Health care law worked, but improvements needed
14:41 ACA enrollment to rise by 1 million next year, Obama administration projects1