ObamaCare is not doomed

Aetna leaving a bunch of exchanges isn't good news. But it doesn't mean the end of ObamaCare.

Should we have expected this?
(Image credit: Ikon Images / Alamy Stock Photo)

You probably heard that ObamaCare was whalloped with another bit of bad news. Late Monday, health insurer Aetna announced that in 2017 it will pull out of almost 70 percent of the counties where it offers health plans through the ObamaCare exchanges.

This makes Aetna the third major insurer, following UnitedHealth Group and Humana, to announce major drawdowns in their participation on the exchanges — the marketplaces through which ObamaCare offers a menu of private health insurance plans and subsidies to people who can't get coverage elsewhere. As a result, the Wall Street Journal reported, states like Oklahoma, Alabama, Wyoming, and Alaska are all likely to be stuck with just one health insurance provider on the exchange marketplaces next year.

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