To opponents of the Affordable Care Act, Aetna’s recent announcement that it will withdraw from all but four ACA marketplaces is more evidence that the landmark health law is doomed to fail.
But, as BenefitsPRO pointed out two weeks ago and Democrats are pointing out now, the timing of Aetna’s announcement strongly suggested that the move was as much about political gamesmanship as business.
Aetna’s decision to dramatically reduce its participation in the ACA marketplace came shortly after the Obama administration announced it would seek to block Aetna’s bid to acquire rival insurer Humana, along with another insurance megamerger between Anthem and Cigna.
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