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Have Obamacare? You might pay more with Aetna leaving the exchanges

Aetna Inc., one of the largest health insurers in the U.S., announced this week it is pulling out of 11 of the 15 states where it offers Affordable Care Act exchange plans, starting in 2017.

It will be cutting its presence down to 242 counties, from 778.

The move won’t impact any of the company’s services, products or benefits for the 2016 plan year, Aetna said in a news release, and the company will communicate with impacted members about the options they have before the 2017 open enrollment period begins on Nov. 1.

But it does limit the number of plans available to consumers in those counties and makes it more likely that in the absence of price competition between insurers, they will pay higher prices.

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