Mega-Health Insurer’s CEO Has ‘Serious Concerns’ About Obamacare

Aetna Inc. is third large insurer to express concerns with healthcare law

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The CEO of the country’s third-largest health insurer said he had “serious concerns” about the sustainability of Obamacare, the Hill reported.

“We continue to have concerns about the sustainability of the public exchanges,” said Mark Bertolini, CEO of Aetna Inc. “We remain concerned about the overall stability of the risk pool.”

Aetna Inc. isn’t the only company expressing concerns with the Obamacare exchanges as Humana and the country’s largest health insurer, UnitedHealth have indicated they have falling profits and may exit the exchanges altogether.

UnitedHealth reported $425 million in losses and Humana said that it doesn’t expect to make enough profits to cover its claims.

“Many insurers, including Aetna, have been losing money on the Obamacare marketplaces, also known as the exchanges, in part because of a sicker and more costly mix of enrollees, known as the ‘risk pool,’” according to the Hill.

“Insurers are seen as having set their premiums too low when the Obamacare marketplaces began in 2014, and sicker-than-expected enrollees are forcing them to raise premiums in order to compensate.”

Ali Meyer   Email Ali | Full Bio | RSS
Ali Meyer is a staff writer with the Washington Free Beacon covering economic issues that expose government waste, fraud, and abuse. Prior to the Free Beacon, she was a multimedia reporter with CNSNews.com where her work appeared on outlets such as Drudge Report and Fox News. She also interned with the Heritage Foundation and Pacific Research Institute. Her Twitter handle is @DJAliMeyer, and her email address is meyer@freebeacon.com.

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