HARTFORD, Conn., Aug. 16 (UPI) — Healthcare insurer Aetna Inc. announced it will pull out of the Affordable Care Act individual public exchanges in 11 states after millions of dollars in losses.
In a statement Monday, Aetna said it will remain in Delaware, Iowa, Nebraska and Virginia, but will stop offering policies in 11 other states, beginning in 2017.
The decision followed “a second-quarter pretax loss of $200 million and total pretax losses of more than $430 million since January 2014 in our individual products,” the statement by Aetna Chairman and CEO Mark T. Bertolini said.
More: www.breitbart.com
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