Major U.S. Insurers Making Drastic Cuts to ACA Coverage

[TallGuyJohninBKK]

From CNBC today re cutbacks by major insurers in Obamacare offerings (excerpt):
 

Quote

 

The insurance giant [Aetna] says it will offer ACA exchange plans in Delaware, Iowa, Nebraska and Virginia, slashing its Obamacare footprint by 70 percent next year. It will offer ACA plans in just 242 counties, nationally, down from nearly 780 this year.

 

Aetna's announcement comes two weeks after the company booked $200 million in ACA-related pre-tax losses in its Q2 earnings report and nearly one month after the Department of Justice's anti-trust division sued to block the health insurer's acquisition of rival Humana (HUM).

 

Humana has also announced it will cut back sharply from the exchanges. Their pullback, in the wake of UnitedHealth (UNH)'s departure from all but a handful of exchanges, means that hundreds of thousands of Obamacare plan members will no longer have access to plans from the nation's three major insurers in 2017.

 

 

Full article:

 

http://www.msn.com/en-us/money/healthcare/aetna-to-cut-back-70percent-on-obamacare-plans-in-2017/ar-BBvFIOq?li=BBnb7Kz&ocid=mailsignoutmd

[gk10002000]

Yep.  The ACA was so disruptive for individuals and businesses on both sides of the insurance fence, the providers and the insured.  Things will change soon.  The system is becoming unworkable.  Just dealing with another government website that supposedly checks and compares your data entered with a dozen other federal agencies is a bad start.  Then if you do go under Obamacare, every year you have to do the tax thing with it, compare how much you paid for in premiums versus how much you actually made.  Crazy that what you paid for one year may actually change after you do your taxes.  I hate revisiting things.  Give me a price, bill me and let's go.