The following is an excerpt from Bruce Japsen | October 29, 2015 | Forbes.com |
Aetna AET +3.48% said it will no longer offer subsidized health insurance benefits in two states and Washington, D.C. where it currently sells products on government-run exchanges under the Affordable Care Act.
For 2016, Aetna said it will no longer offer individual exchange plans in Washington, D.C., Utah and Kansas. It added Kentucky for 2016, which means the company will be in 15 states next year compared to 17 now.
Aetna chief executive officer Mark Bertolini said during a 50-minute third-quarter earnings call with analysts this morning that the company is still committed to offering individuals subsidized coverage under the health law, but executives want to make sure they have a good cost structure to offer “an affordable product.”
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