aetna ceo says obamacare in death spiral
Aetna Inc. Chief Executive Officer Mark Bertolini said Wednesday the Affordable Care Act is fatally flawed and that he believes more insurers will follow Humana Inc. and quit public health exchanges entirely. It is in a death spiral, he said of Obamacare in an interview with The Wall Street Journal. Feb 15, 2017. 1  Mark Bertolini, CEO of health insurance titan Aetna (aet), isn't holding back when it comes to Obamacare. 2  Bertolini said that he believes Obamacare is in a death spiral at a Wall Street Journal event, according to Politico. Aetna CEO on Obamacare's 'Death Spiral'. Aetna Chairman and CEO Mark Bertolini tells WSJ’s Dennis Berman why he thinks the Affordable Care Act is untenable. Photo: Gabe Palacio. Recommended for you. 1:07 Up Next. (Elijah Nouvelage/Reuters) This story has been updated and corrected. Aetna chief executive Mark Bertolini said Wednesday that the Affordable Care Act's exchanges — the marketplaces where consumers can buy individual health coverage under President Barack Obama's signature health-care law — are in a “death spiral.”. Aetna CEO: Obamacare markets are in a 'death spiral'. Obamacare is in a “death spiral,” the influential CEO of Aetna, Mark Bertolini, declared Wednesday morning. Bertolini’s doomsday prophesy: More insurers will pull out of the government-run marketplaces in the coming weeks and many areas will have no insurers to provide Affordable Care Act coverage in 2018. Story Continued Below. Aetna CEO: Obamacare In A 'Death Spiral' Heading Into 2018. Aetna and Humana have called off their deal amid government concerns over competition. Here's a look back at six pivotal moments that led to this. Aetna and Humana have called off their deal amid government concerns over competition. ObamaCare in 'death spiral,' Aetna CEO says. Published February 16, 2017. FoxNews.com. The leader of one of the U.S.’s largest health insurance agencies—who has been saying for months that ObamaCare is on the ropes-- said Wednesday that statistics indicate that the law has now entered a “death spiral.”. This Insurance Giant’s CEO Thinks That Obamacare Is in a ‘Death Spiral’. Mark Bertolini, CEO of health insurance titan Aetna (aet), isn't holding back when it comes to Obamacare. Bertolini said that he believes Obamacare is in a death spiral at a Wall Street Journal event, according to Politico. Aetna CEO Says Obamacare In Death Spiral And It's Getting Worse. As Premiums Set To Soar Again In 2017). In speaking with the Wall Street Journal, Aetna CEO Mark Bertolini said, among other things, that the risk pools are deteriorating in the ACA to a point that it would inevitably result in more withdrawals this year. ObamaCare in 'death spiral,' Aetna CEO says. Aetna’s CEO Mark Bertolini told The Wall Street Journal that the health law’s market is nearing failure because healthier people have dropped out while premiums continue to climb.
Mark Bertolini