Article Image
News Link • Obamacare

Obamacare collapse continues as major insurer Aetna dumps ALL exchanges,...


(Natural News) Following lie after lie, the government-run healthcare fiasco known as Obamacare continues to unravel and collapse, leaving tens of millions of Americans paying obscene prices for unusable 'coverage' – that is, when they can get it at all.

One of the biggest lies of all used by former President Obama and the Democratic Party is that the Affordable Care Act would provide a myriad of choices of insurance coverage, an alleged aspect of the plan that would lead to more competition and lower prices.

The exact opposite has happened, in fact, as prices for monthly premiums and out-of-pocket deductibles have literally become unaffordable for many.

And now, as major insurer Aetna announces it will become the latest insurer to leave the Obamacare exchanges, millions of Americans will be left with no choice at all. (RELATED: Collapse: Anthem announces it will exit Obamacare markets this year, leaving millions of Americans with no provider choice)

As reported by Bloomberg Politics:

While the move is likely to attract outsize political attention, the decision affects just Delaware and Nebraska. The Hartford, Connecticut-based insurer already said last year it would pull out of 11 states, and in the last month announced plans to exit Iowa and Virginia.  

"We will not offer on- or off-exchange individual plans in Delaware or Nebraska for 2018, and at this time have completely exited the exchanges," Aetna said in a statement Wednesday.

Bloomberg's attempt to downplay the scope if Aetna's decision undermines the wider, bigger, and more important issue that the insurer had already pulled out of most of its Obamacare markets, as reported by Reuters:

Aetna had already said it would exit the individual commercial market in Virginia and Iowa, after pulling out of several other states last year. reported in April 2016 that insurers were pulling out of the exchanges "in droves," severely hampering consumers' insurance choices. The site referenced a study by the Heritage Foundation that Obamacare overall had dramatically limited consumer choice, finding that 45 percent of all states had fewer health insurance options than were being offered just one year before – 2015. And of the 45 insurer exits from the exchanges, 31 were "voluntary exits, with 21 of those completely abandoning all ACA exchanges – because they were hemorrhaging money.

Worse, the insurers that have remained in the exchanges have had to dramatically boost premiums in order to remain profitable – another lie regarding Obamacare told to us by the former president and Democrats, who pledged that rates would fall by an average of $2,500 per year.

Join us on our Social Networks:


Share this page with your friends on your favorite social network: