PhotoHumana announced on Tuesday that it would no longer offer health insurance coverage in the state marketplaces created under the federal health care law, becoming the first major insurer to cast a no-confidence vote over selling individual plans on the public exchanges for 2018. President Trump immediately seized on the company’s decision as evidence that the Affordable Care Act needed to be repealed and replaced. The company’s decision is likely to set off a contentious debate about who is to blame for the market’s current shakiness. Advertisement Continue reading the main storyThe company’s main focus has been selling private insurance under Medicare. “These insurance companies are having to make business decisions in an environment of great uncertainty,” Professor Corlette said.

Source: New York Times February 15, 2017 01:07 UTC