Aetna Drops From Another Obamacare Health Exchange

[FarCenter]

Aetna Inc has decided not to sell insurance on New York's individual health insurance exchange, which is being created under President Barack Obama's healthcare reform law, the fifth state where it has reversed course in recent weeks.

The third-largest U.S. health insurer has said it is seeking to limit its exposure to the risks of providing health plans to America's uninsured, but did not give details about its decision to pull out of specific markets.

"We believe it is critical that our plans not only be competitive, but also financially viable, in order to meet the long-term needs of the exchanges in which we choose to participate. On New York, as a result of our analysis, we reluctantly came to the conclusion to withdraw," Aetna spokeswoman Cynthia Michener said.


Read more: http://www.businessinsider.com/aetna-health-exchange-obamacare-2013-8

[Rosa Luxemburg]

1. There won't be an Aetna in a couple of years

[FarCenter]

5. They are in group plans for organizations or administering large organization's self-insurance plans

Selling insurance to individuals is not such a good business.

[SomethingFishy]

2. Translation...

"We have to be free to make obscene profits off of the sick and elderly in this nation".

[Supersedeas]

4. they count beans, no human beings...

and coin

[steve2470]

3. yep that's my ahole company, good old Aetna nt

[BeyondGeography]

6. Sounds like a lot of soul searching went into the decision

[shraby]

7. More like coin searching.

[Safetykitten]

8. LIES! republican lies! Stop posting non-truth!