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Aetna CEO says millennials pick weekend beer over Obamacare

As ACA premiums rise, said Aetna CEO Mark Bertolini, young people will choose beer over health insurance.

By Zachary Tracer, Katherine Doherty | Updated on October 25, 2016
Young people will 'do the math' and pick beer (in this case, German beer) over health insurance, Aetna's CEO said. (Photo: AP)

(Bloomberg) — Healthier people will avoid buying Affordable Care Act health insurance plans as premiums climb, threatening the stability of the market, Aetna CEO Mark Bertolini said.

“As the rates rise, the healthier people pull out because the out-of-pocket costs aren’t worth it,” Bertolini said at Bloomberg’s The Year Ahead Summit in New York. “Young people can do the math. Gas for the car, beer on Fridays and Saturdays, health insurance.”

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