Aetna cuts Obamacare exchange plans in 11 states for 2017 - WFSB 3 Connecticut

Aetna cuts Obamacare exchange plans in 11 states for 2017

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Aetna (WFSB file photo) Aetna (WFSB file photo)
HARTFORD, CT (WFSB) -

Aetna is dealing a big blow to the Affordable Care Act, commonly called Obamacare.

The Hartford insurance giant announced late Monday that it is slashing individual Obamacare coverage plans in 11 of the 15 states where it has been participating in the program.

Aetna is citing more than $430 million in pre-tax losses since 2014 in individual plans.

Aetna said it will maintain an on-exchange presence in Delaware, Iowa, Nebraska and Virginia.

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