Humana Inc., one of the nation’s largest health insurers, will stop selling Obamacare health plans next year, the company announced Tuesday. The move threatens to rattle jittery insurance markets and further complicate Republicans’ push to repeal and replace the Affordable Care Act. It is the first major insurer to pull back completely amid the mounting uncertainty over the GOP’s still undefined healthcare plans, though other leading health plans have exited marketplaces over the last year, citing losses. Humana, based in Louisville, Ky., is a relatively small player in the Obamacare marketplaces, which are expected to serve about 11 million people this year. The company does not offer plans on Covered California, widely considered one of the most stable marketplaces in the country.

Source: Los Angeles Times February 15, 2017 03:10 UTC