Home » News » Health » Affordable Care Act
Aetna expects to lose money on Obamacare exchanges despite recent pickup in business
President Barack Obama's health care reform law, often called Obamacare, created online insurance exchanges where individuals can buy health coverage with income-based government subsidies. The exchanges opened on Oct. 1 to sell plans for coverage effective Jan. 1, but technology issues delayed enrollment for the first few months.
The company also reported higher fourth-quarter earnings and revenue.
The company has been looking at these members' pharmacy records as well as the health records of previous Aetna customers to understand what its costs from Obamacare will be.
HealthCare.gov, which sells insurance in 36 states, began working better in December, and about 3 million people had signed up through that site and in the 14 states running their own websites as of late January, the government has said.
Another factor in 2015 pricing is the size of the network of doctors and hospitals. These networks have come under scrutiny as individuals have begun to realize their new plans may exclude their desired hospital or doctor.
Aetna Chief Financial Officer Shawn Guertin said in an interview that he did not believe the administration was asking for larger networks in 2015 than the insurers use in 2014.
READER COMMENTS: 6
- Proposed Common Core alternative will get public review tonight - 6
- New headmaster eager to take the reins at Pinkerton - 0
- SNHU, NH Institute of Art merger talk creates anxiety for some - 4
- UNH- Manchester looks to move into Pandora building - 2
- Wilton school project begins - 0
- Nashua explores taking over Brentwood School - 0
- Franklin Pierce lays off four full-time employees - 0
- New Highland-Goffe's Falls principal starts job today - 0
- Board to vote on new graphic design program - 0
READER COMMENTS: 0
- Speeding stop leads to drug and alcohol charges in Hollis - 0
- Allen Lessels on Motor Sports: Youngsters eye NHMS - 0
- Mark Hayward's City Matters: Manchester's bike culture shifts into high gear - 0
- Ignoring Lyme: What are state, towns doing? - 1
- Dave D'Onofrio's Sox Beat: Red Sox makeover underway - 1
- Tom Herzig's Trackside: MacDonald has NHMS track experience - 0
- Drew Cline: Scott Brown plans to win over NH one handshake at a time - 7
- Anthony M. Kay - 0
- Walsh paces Sweeney Post past Laconia - 0
132-mph street racers blow by trooper in Nashua, one of two arrested; motorcyclist arrested on I-93 doing 107 mph
Police say Manchester woman arrested for punching ex-boyfriend during custody exchange in Walmart parking lot
Bikers say under-30 generation isn't interested, and can't afford many of the top motorcycles
Mount Washington College to close 2 campuses
Ban fireworks? Get serious
GOP criticizes Shaheen over gas tax
Ignoring Lyme: What are state, towns doing?
Sentence fragment: Coco's cuckoo release