Lincoln, NE—U.S. Senator Ben Sasse, who published a sobering report on the Affordable Care Act’s lack of competition on the 2016 exchanges, issued the following statement regarding news that Aetna, the nation’s third largest insurer, is abandoning the ACA’s exchanges in all but four states next year.
“Aetna’s exit isn’t the beginning and it won’t be the end, but it is another unmistakable sign of Obamacare’s slow-motion death spiral. With ugly withdraws, painful co-op failures, and rotten choices and costs, Obamacare’s collapse is crushing American families.”
On Monday, Aetna announced that, due to financial losses thanks to the Affordable Care Act, it would pull out of the ACA’s exchanges in all but four states. This follows exits by Humana and United Health.