Citing the venture as money losing, Aetna has said that its likely to scale back the presence it has in exchanges created by the Affordable Care Act. This year, Aetna expects to lose $450 million on its individual business compared to $900 million last year.
The statements from Aetna come at a time when Congress is deeply divided on the future of United States’ healthcare.
Overall, Aetna’s revenue in the first quarter fell about 3% and the company lost $381 million.
more recommended stories
Warren Buffett’s Berkshire Hathaway Shareholders Urged to Back Disclosure of Political Spending
Despite Warren Buffett’s frequent advocacy of.
Synchrony Financial’s Weak Earnings Cast Cloud on Credit Card Lenders
Synchrony Financial’s net income of $499.
Little New in Buffett’s Annual Letter
Acolytes of investor Warren Buffett eagerly.
Charlie Munger Continues Drawing Admirers at 93
Charlie Munger’s reputation has continued to.