The latest Obamacare failure

Yesterday, Aetna, one of the nation’s largest health insurers, announced that it would be pulling out of the Obamacare exchanges in most markets, citing losses of $200 million related to their participation. Aetna’s retreat from the market leaves parts of Arizona with no Obamacare insurers.

While Aetna is the largest insurer to pull out of the Obamacare market at such a scale, they are far from the only health insurance company to experience difficulty due to the disastrous law. Earlier this summer the Kaiser Family Foundation issued a report that insurers are seeking double digit rate hikes on their Obamacare plans across the country, with premiums in some areas going up by as much as 26%. Notice of these price increases will be hitting voters’ mailboxes just before Election Day.

Despite mounting evidence of the unsustainability of Obamacare, and the broad unpopularity of the law among voters, House Democrats remain firmly in favor of keeping Obamacare in place, and even going further. Talk about tone deaf…

NRCC Comment: “Another day, another story about the catastrophic effects Obamacare is having on our health care system, yet House Democrats stand firmly in favor of President Obama’s disastrous health care law. While Hillary Clinton and House Democrats advocate for the expansion of Obamacare, the American people are feeling the consequences of the failed law, in the form of rising costs and fewer choices.” – NRCC Spokesman Bob Salera