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.
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