Aetna said this week that it was curtailing its presence on the Obamacare exchanges to stem mounting financial losses.
Last month, the company told the Department of Justice that it would probably be forced to withdraw from Obamacare altogether if the agency blocks its pending merger with Humana (
"[W]e believe it is very likely that we would need to leave the public exchange business entirely and plan for additional business efficiencies should our deal ultimately be blocked," Aetna (
Aetna's announcement that it would withdraw from 11 of 15 states next year amid $430 million in losses heightened concerns about
But the pullbacks also come as two pairs of major...