Source: Andreas Rentz / Getty
Partisan fighting in Congress over healthcare is on the horizon, as one of the nation’s insurance giants plans its exit from the Affordable Care Act insurance exchange, The Washington Post reports.
On Monday, Aetna said it would significantly reduce its participation in the Obamacare marketplace next year, exiting 11 of the 15 states where it now offers coverage. The company stated that not enough healthy people are signing up for coverage to offset the high cost of covering those with expensive illnesses.
The Affordable Care Act created insurance exchanges, or marketplaces, where people could shop online for health insurance and obtain a government subsidy based on their income.
But several of the largest insurance companies have announced financial losses. Cigna and Anthem, for instance, said they’re losing money. And Humana plans to scale back its exchange presence.
The Post spoke with experts who predict another round of political battles over Obamacare – this time over how to fix the president’s signature healthcare reform law.
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source: Newsone.com
Another Round Of Political Battles Looms Over Obamacare was originally published on praisecleveland.com
