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Another Major Health Care Insurer is Leaving the Obamacare Exchanges

Aetna announced on Wednesday that it will be pulling out of the Obamacare exchanges by 2018.

CNN is reporting that Aetna is the latest health insurance provider to leave the Obamacare exchanges, after citing increased costs on Thursday.

“Aetna is leaving Obamacare starting next year,” CNN’s business correspondent Cristina Alesci reported.

Aetna will be pulling out of the Obamacare exchanges in Delaware and Nebraska by 2018.

Alesci went on to report that Aetna, “is just the latest insurer to abandon Obamacare. Humana and UnitedHealth already left most markets.”

“These companies, they blame cost,” Alesci continued. “Aetna says it will have lost $900 million on Obamacare since from 2014 through this year. That’s because policyholders are racking up bigger bills than the premiums cover.”