Health insurance companies are bailing and co-ops are failing as Obamacare barrels down the road to collapse.
Grace-Marie Turner, president of the free-market Galen Institute, said Aetna’s decision is surprising because the company’s leadership has been so supportive of the Affordable Care Act. But she said the firm, like others, has found it difficult to stay profitable amid rising costs caused by regulations under the law and loopholes that allow customers to game the system.
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