Aetna CEO Threatened Obamacare Pullout If Feds Opposed Humana Merger
The big health care news this week came from Aetna, which announced on Monday it was dramatically scaling back participation in the Affordable Care Act ? thereby reducing insurer competition and forcing customers scattered across 11 states to find different sources of coverage next year.
Aetna officials said the pullout was necessary because of Obamacare’s problems ? specifically, deep losses the insurer was incurring in the law’s health insurance exchanges.
But the move also was directly related to a Department of Justice decision to block the insurer’s potentially lucrative merger with Humana, according to a letter from Aetna’s CEO obtained by The Huffington Post.
