Aetna Health says it will be leaving the individual health plan market in Nebraska.
Aetna had sold policies in only four states this year after quitting 11 states last year, and last month it announced it was pulling out of Iowa and Virginia.
Aetna’s decision leaves only Medica Health in Nebraska’s Affordable Care Act market, and Medica officials said Wednesday that the company had not yet decided whether to remain in the Nebraska market.
“Today’s news on Aetna means fewer choices and likely higher costs for families across Nebraska,” said Senator Deb Fischer. “It’s further proof that Obamacare is simply unsustainable. It also underscores the importance of Congress continuing its work to ensure all Americans can access the compassionate, patient-centered, and affordable health care they deserve.”
Congressman Adrian Smith added, “Nebraskans will now only have one insurer on the exchange, forcing them into a monopoly situation. When consumers do not have choices, costs go up and quality suffers. The brokenness of Obamacare continues to become more and more evident, while Nebraskans shoulder the consequences. ”
Smith says this is why they took action in the House last week to move forward with repealing and replacing Obamacare. “We cannot sit by and allow our country’s health insurance marketplace to collapse under this unsustainable law.”
Nebraska Insurance Department director Bruce Ramge has said that if no companies participate in the Nebraska exchange next year, it could mean that people who qualify for tax credits don’t get them, although they would still have to find insurance to fulfill the individual mandate should it still be in effect.