Tuesday, February 14, 2017

The Obamacare hits keep on coming

Humana is pulling out of the Affordable Care Act market.The company, one of the five large publicly traded health insurers, said in a press release Tuesday that it would pull all its business from the individual marketplaces starting January 1, 2018.The announcement comes the same day that Humana and rival Aetna terminated their merger agreement.Humana said it was hoping that the individual marketplaces set up by the law known as Obamacare would stabilize.But the company said that in reviewing data from 2017 enrollment on the exchanges, it saw "further signs of an unbalanced risk pool."
Republicans couldn't save it even if they wanted. 

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