Obamacare

Obamacare Takes Major Hit From AETNA, Downward Spiral Continues

Even though healthcare reform looks to be a foregone conclusion for the Trump White House, some insurers are not taking any risks with the possibility of Obamacare’s disastrous reality continuing to degrade our nation’s ability to stay well.

The U.S. House was able to pass their own version of healthcare last week with the American Health Care Act.  The Senate, however, has already been hard at work on a bill of their own, leading many to believe that the higher house will attempt a substitution before any vote occurs.

It may have been this slight, slight doubt of the health care outcome that has spooked massive health insurance company AETNA, who announced today that they will be transitioning away from Obamacare by 2018, due to the outrageous losses that they have sustained at the hands of the awful legislation.

“The company announced late Wednesday it will not offer insurance plans in Delaware or Nebraska, the remaining two states where it was slated to provide coverage under the Affordable Care Act next year.

“’We will not offer on- or off-exchange individual plans in Delaware or Nebraska for 2018, and at this time have completely exited the exchanges,’ Aetna said in a statement to FOX Business.

“’Our individual Commercial products lost nearly $700 million between 2014 and 2016, and are projected to lose more than $200 million in 2017 despite a significant reduction in membership. Those losses are the result of marketplace structural issues that have led to co-op failures and carrier exits, and subsequent risk pool deterioration,’ the company said Wednesday.”

AETNA is just the latest entity affected by Obamacare’s unbelievable failures.  Americans as a whole have been subjected to astronomical increases to the cost of their health insurance in recent months, as the former President’s “Affordable” Care Act has proven to be anything but affordable.

Now, with the loss of AETNA by 2018, Obamacare is certain to become a shell of its former self, a compromised train wreck of a law to begin with, that is likely unconstitutional at its core.

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