​Aetna slashes Obamacare participation to 4 states

August 16, 2016 11:56 AM

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Aetna (AET) will become the latest health insurer to chop its participation in the Affordable Care Act's public exchanges when it trims its presence to four states for 2017, from 15 this year.

The nation's third-largest insurer said late Monday that a second-quarter pre-tax loss of $200 million from its individual insurance coverage helped it decide to limit exposure to the exchanges, which also have generated losses for UnitedHealth Group and Anthem, among other carriers.

Also read: The GOP's Obamacare 'Repeal-And-Delay' Plan Is A Slow Motion Disaster

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