Aetna: 'On the Fly' Obamacare Changes Responsible for Half of 2015 Premium Jump
America's third-largest health insurer said on Thursday that customers can expect 2015 premium spikes that in some states will be "over double digits" because of the Obama administration's endless "on the fly" Obamacare changes.
Aetna CEO Mark Bertolini told reporters that his company prefers to stay at its current level of Obamacare participation in just 17 states and said customers can expect health insurance premiums to climb, despite the Affordable Care Act. Specifically, Bertolini said that, depending on a customer's state and the mix of sick versus healthy patients, customers should be prepared for insurance hikes ranging from "the very low single digits" to "some that will be over double digits."
Aetna says the Obama administration caused so much uncertainty with its myriad regulatory changes that half of Aetna's premium increases are due to President Barack Obama's administration's constant shifts in decisions, rules, deadlines, and regulations.