Article: Aetna’s Exit From Obamacare Constricts Insurance Choices

August 17, 2016
Posted in ACA 101
August 17, 2016 LI Advantage

Article: Aetna’s Exit From Obamacare Constricts Insurance Choices

Aetna’s decision to partially withdraw from a major provision of President Barack Obama’s health care law is leaving some Americans with only one or no health insurance options, threatening the law’s promise to continue to reduce the number of people who have historically been too sick or too poor to access coverage.

Aetna, retaliating in part against a Department of Justice lawsuit, announced Monday that it was leaving exchanges in 11 states, following a string of similar announcements earlier this year that came from other large insurers like UnitedHealth and Humana.

The exchanges, or marketplaces, allow some Americans who don’t get health insurance¬†from an employer to compare different plans and buy them at a tax-subsidized rate, mostly in the form of reductions to the amount they pay for their policies each month.

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