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: 2
- Drew Cline: Rand Paul's coalition vs. Ted Cruz's army - 4
- Another View -- Jeff Goley and Will Infantine: Time for an increase in weekly benefits for NH unemployed - 4
- George Will: Understanding our divisions - 0
- Jonah Goldberg: Attorney General Eric Holder's race card - 0
- Another View -- Bobby Jindal: NH should trust parents to choose schools - 14
- Charles Arlinghaus: A $400 million hole was just blown in the state budget - 5
- Thomas Sowell: Fraudulent stats behind 'equal pay' claims - 1
- Jonah Goldberg: The left's arrogant groupthink - 0
- Rep. Adam Schroadter: Penalties for marijuana use in NH should fit the crime - 10
READER COMMENTS: 0
- Manchester superintendent kills controversial redistricting plan - 0
- Sen. Odell won't seek re-election - 0
- Another View -- Marilinda Garcia: Ann Kuster loves Obamacare but won't pay for it - 11
- 2 officers, Weare face civil suit over 2012 burglary arrest - 22
- Roger Brown's Diamond Notes: Central the early surprise in baseball ranks - 0
- Death & justice: Officer Briggs is not forgotten - 3
- Decency displayed: Havenstein's nice start - 7
- P-Bruins in fight to finish - 0
- NHIAA Roundup: Dubois' homer lifts BG girls over Exeter - 0
Portsmouth arrests 2 for heroin sales
Decency displayed: Havenstein's nice start
Manchester superintendent kills controversial redistricting plan following parental opposition
Sen. Odell won't seek re-election