Obamacare unsustainable

Business Insider: Aetna, the third-largest health insurer in the US, said Tuesday that it is reconsidering its offerings on the state exchanges that make up the back-bone of the Affordable Care Act (ACA). 

 Here's a quick rundown of the announcement: Aetna will not expand its Obamacare offerings into the New Jersey and Indiana state exchanges in 2017, as they originally planned. Aetna's CEO also said the company is "undertaking a complete evaluation" of the Obamacare business. On its conference call, the company said it expects an annual loss on its ACA business "in excess of $300 million." The move comes after the US' largest health insurer, United Healthcare, said in April it was abandoning the exchanges almost completely. In a conference call following the company's earnings announcement, CEO Mark Bertolini said that the firm has halted its plans to expand into two new states' exchanges in 2017 and is looking into the reasons for losses in the exchanges it is currently participating in.