Aetna has announced it will exit all Obamacare marketplaces in 2018, citing $700 million in losses since 2014 and leaving Nebraskans with only one insurer on the exchange.
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Aetna has announced it will exit all Obamacare marketplaces in 2018, citing $700 million in losses since 2014 and leaving Nebraskans with only one insurer on the exchange. The remaining insurer, Medica, has not yet committed to selling policies on the exchange next year.
Blue Cross and Blue Shield of Nebraska, our state’s largest insurer, and UnitedHealthcare pulled out of the exchange in 2016, also citing losses in the hundreds of millions of dollars.
News outlets recently reported Nebraska Director of Insurance Bruce Ramge saying if no companies participate in the Nebraska exchange next year, it could mean people who qualify for tax credits would not get them. However, they would still have to find insurance in order to avoid Obamacare’s individual mandate penalty, which is yet another example of people being harmed through no fault of their own under this unsustainable law.
This is why we took action in the House at the beginning of May to move forward with repealing and replacing Obamacare.