The Wall Street Journal: Aetna to retreat from most of its Affordable Care Act markets

Aetna Inc. will withdraw from 11 of the 15 states where it currently offers plans through the Affordable Care Act exchanges, becoming the latest of the major national health insurers to pull back sharply from the law’s signature marketplaces after steep financial losses.

Aetna’s AET, -0.34% move will sharpen concerns about competitive options in the exchanges — and it puts at least one county, Pinal in Arizona, at risk of having no insurers offering exchange plans in 2017, a circumstance that would present a major challenge to the basic mechanics of the ACA.

The law mandates that most people acquire health coverage, and offers subsidies to lower-income consumers who don’t qualify for Medicaid.

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