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US: Insurance merger lawsuit spurs companies to reconsider Obamacare

By  |  August 2, 2016

Aetna and Humana will sell certain Medicare Advantage assets to Molina Healthcare as the insurers prepare to defend their merger against a U.S. Justice Department lawsuit.

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    Additionally, Aetna has said its worsening performance on public exchanges has forced the company to rethink its 2017 expansion plans and evaluate all of its individual plans in the 15 states where it currently sells Obamacare, company chairman Mark Bertolini said. Humana has already said it is pulling off most ACA exchanges for next year, and rival UnitedHealth Group, too, is scaling back to three states, which will leave Anthem and Blue Cross and Blue Shield plans as the main Obamacare providers across the country.

    “We are undertaking a complete evaluation of our exchange footprint,” Bertolini said.

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