Wednesday, February 15, 2017 3:26:29 AM
Aetna won't return to exchanges it left despite federal judge's scolding
By Shelby Livingston | January 31, 2017
(Story updated at 12:27 p.m. ET) National insurer Aetna has no plans to re-enter the ACA exchanges in any of the 11 states it exited earlier this year. That's despite the public scolding Aetna received earlier this month from a federal judge who concluded that Aetna pulled out of the exchanges to improve the chances of closing its merger with Humana, and that it wasn't a business decision related to financial losses.Instead, the Hartford, Conn.-based insurer will continue to evaluate its 2018 participation in the four states where it currently sells exchange plans.“We have no intention of being in the market for 2018,” Aetna CEO Mark Bertolini said on an investor call Tuesday to announce the insurer's fourth-quarter earnings. “Where we stand, we'd have to have markets
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