Obamacare's Fate May Rest on Patience of Insurers Aetna, Anthem
Mixed responses from insurers on the future of Affordable Care Act
The fate of Barack Obama’s signature health-care law may depend on how long Anthem Inc. and Aetna Inc. are willing to wait before starting to make money off of ACA. The two insurers are on the hot seat now that UnitedHealth Group Inc. appears unlikely to linger as a seller on the Affordable Care Act’s government-run markets. UnitedHealth, the U.S.’s largest health insurer, said Thursday that if it can’t turn a profit, in 2017 it may quit the health plan marketplaces where millions of Americans buy coverage.
“It’s way too early to call it quits on the ACA and on the exchanges,” Aetna CEO Mark Bertolini said on an Oct. 29 conference call held to discuss third-quarter financial results. “We view it still as a big opportunity.”
The Obama administration said UnitedHealth’s announcement isn’t a sign of larger problems.
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