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: Obamacare premiums to go up by double digits
23:46 Some Health Plan Costs to Increase by an Average of 25 Percent, U.S. Says15 4
23:47 Average premiums for popular ACA plans rising 25 percent17
14:41 ACA enrollment to rise by 1 million next year, Obama administration projects3
19:27 Donald Trump Says ‘Obamacare Is Just Blowing Up,’ Citing Rate Increases12