By 2016, Aetna will no longer be providing individual exchanged health care plans in Washington, D.C., Kansas and Utah.
Currently, the company is selling their products on government-run exchanges under the Affordable Care Act. Aetna has added Kentucky to their list, meaning the presence of the company will be in 15 states as of 2016, where they have been in 17 during 2015.
The company still wants to offer subsidized coverage for individuals under the health law. Aetna still needs to determine if they have a good cost structure to offer “an affordable product” when eliminating the Obama Care plan.
“We view this as a long-term market potential. It’s still early,” Mark Bertolini, Aetna chief Executive Officer, said to analysts and investors this morning, October 29, during a third-quarter 50 minute earnings call.
Aetna has a widespread business in Arizona, Delaware, Florida, Georgia, Illinois, Iowa, Missouri, Nebraska, North Carolina, South Carolina, Ohio, Pennsylvania, Texas, Virginia, and of course, starting in 2016 Kentucky.
Current Obama Care customers are considering a switch in 2016 due to the open enrollment of the insurance plan.
Image via Flickr/Will O’Neill, resized
