Last year, you may recall that one of the nation's largest insurers, Aetna, announced it had suffered major losses under the failing Affordable Care Act. As a result, it was pulling out of many ACA exchanges. The company said it intended to soldier on in just four states - Delaware, Iowa, Nebraska, and Virginia.
Back then, Aetna claimed losses of almost $450 million. A few weeks ago, they announced that number has risen to $700 million since 2014, and they trimmed Iowa and Virginia from the list. They promised they'd "continue to evaluate" future plans for Delaware and Nebraska.
It appears they've done just that. They expect to lose another $200 million through the remainder of 2017, for a total of almost $1 Billion. They've decided that enough is enough, and the dumpster fire known as ObamaCare has completely lost the insurer.
