Aetna Quits Iowa Obamacare Market, Is Second Insurer to LeaveBy
Aetna Inc. said Thursday it will quit Iowa’s Obamacare market for individual health insurance plans, the second major insurer this week to say it will exit the state and blame uncertainty about the law’s future.
“Earlier today we informed the appropriate federal and state regulators that Aetna will not participate in the Iowa individual public exchange for 2018 as a result of financial risk and an uncertain outlook for the marketplace,” Aetna spokesman T.J. Crawford said in an email. “We are still evaluating Aetna’s 2018 individual product presence in our remaining states.”
On Monday, Wellmark Inc. said it planned to give up on the Iowa Obamacare market in 2018. Wellmark is one of the state’s largest insurers.