Aetna, Inc., the third-largest health insurance provider in the U.S., has announced that it will be pulling out of the individual policy market in Indiana. The company is the latest in a wave of insurers that have been fleeing the Indiana market recently. The exodus is due, in part, to the waning competition in the state thanks to health insurance exchanges. Exchanges promise to bring affordable options to consumers, often at a price that insurers are unwilling or unable to match. The insurer notified the Indiana Department of Insurance in…
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Health insurer for reform
With the insurance industry in the U.S. undergoing significant changes, customers are finding it hard to keep up with companies trying to adapt to an evolving playing field. The health care reform law, The Affordable Care Act, was passed only last year and has had sweeping implications on how the industry is to operate. Health care reform has attracted its share of supporters and opponents, but a chief executive of one of the nation’s largest insurers says that the changes coming from the Act are for the greater good. Aetna,…
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