Healthcare collapse: Aetna leaving exchanges in 11 states due to Obamacare

1EarthUnited

Obamacare collapse

(NaturalNews) Healthcare providers are increasingly unable to survive unforeseen costs associated with Obamacare. In June, Blue Cross Blue Shield of Texas announced its plan to significantly increase health insurance rates, hitting the pocketbooks of some 600,000 residents.

Now, healthcare insurer Aetna has announced that it will completely pull out of the Affordable Care Act individual public exchanges in 11 states, due to millions of dollars in losses. The provider said that it will still offer coverage in Delaware, Iowa, Nebraska and Virginia, but will cease operations in 11 other states beginning next year, as reported by Breitbart.

A statement released by Aetna Chairman and CEO, Mark T. Bertolini, said that the company suffered “a second-quarter pretax loss of $200 million and total pretax losses of more than $430 million since January 2014 in our individual products.”

Aetna reports huge financial losses under Obamacare

Of the 11 million Americans covered…

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