Why Aetna Might Be Forced to Pull Out of Obamacare

Aetna CEO says Obamacare isn't insuring the uninsured

   

Aetna (AET) may have to leave the Obamacare market.

aetna Why Aetna Might Be Forced to Pull Out of ObamacareAccording to Aetna CEO Mark Bertolini, Obamacare hasn’t worked to insure the uninsured. He claims that only 11% of people who were uninsured have actually signed up for Obamacare. Bertolini says that Obamacare needs to have more choices and make it simpler for people to get health insurance. He also claims that Aetna get 3% of its revenue from Obamacare and that a potential government bailout due to its lack of members is irrelevant to the company, reports CNBC.

Bertolini also weighed in on health-care cost.

“Our health-care costs are not under control right now,” Bertolini told Businessweek. “We really need to look at how health care is delivered and how we pay for it.”

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Article printed from InvestorPlace Media, http://investorplace.com/2014/01/aetna-obamacare-aet-stock/.

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