Posted by Michael Wonder on 04 Oct 2016
Why are private health insurers losing money on Obamacare?
4 October 2016 - The report last week that Aetna, one of the major US health insurance companies, would leave most of the health insurance exchanges established under the Affordable Care Act (ACA) of 2010 follows similar accounts the media that Anthem, Aetna and other large private health insurers are contemplating withdrawing from the so-called ACA marketplace.
The companies say the reason behind these actions is they are losing hundreds of millions of dollars on the business coming to them from these exchanges. To make up for the losses, some insurers, though by no means all, have quoted premium increases in excess of 25% for 2017.
