Earlier we heard that Aetna was bowing out of the Obamacare exchange in Maryland. Now comes the news that one of the largest health insurers in the US is also opting out in Connecticut. What a shock.
The Hartford-based Aetna Life Insurance Co. has informed state insurance officials that it has withdrawn from Connecticut’s health insurance exchange, which is poised to begin open enrollment this fall.
In a letter to the state’s Insurance Department, released Monday, the insurer said it “reluctantly” decided to withdraw from the insurance marketplace for 2014.
“Please be assured this is not a step taken lightly, and was made as part of national review of our Exchange strategy,” wrote Aetna’s senior actuary, Bruce Campbell. Correspondence posted on the Insurance Department’s website shows Aetna and the agency disagreed over how Aetna had calculated its proposed rates for the insurance marketplace.
Aetna has also withdrawn from offering individual plans in Maryland and Georgia, said Susan Millerick, an Aetna spokesman. (Read More)
It appears that everything is going according to the progressive plan to destroy the individual insurance market and bring about a single payer system.
Related: Be sure to read about why it is so important for Republicans to do everything they can to defund this rotten law. It’s now or never, we can’t wait until we have a new President, and a new Senate. If you haven’t yet signed the petition, please do so now!