Aetna is dropping Obamacare insurance in 69% of the counties, and 11 of 15 states where it currently offers plans. According to USA Today, the health insurance giant became the latest to pull back from plans offered under the Affordable Cart Act (ACA) because of significant losses in revenue. A Securities and Exchange Commission filing revealed that the cuts will affect 20% of Aetna’s 838,000 Obamacare participants, who will be forced to sign up for Obamacare plans or purchase individual insurance outside of the exchanges, once open enrollment starts later in the year. Furthermore, patients may lose their preferred physicians and hospitals if they sign up for plans that do not include those providers in their coverage. Experts have forecast that the premium for an average plan is expected to increase by 9% in 2017 to $281 a month. However, most Obamacare members will continue to receive tax credit subsidies to help pay for their insurance.
Leading health care lobbyist, Michael Bromberg, who played an influential role for more than 4 decades behind the scenes of Washington policymaking, passed away at 78-years-old from leukemia. Bromberg was known for being tough, but resolutely pragmatic, reported The Washington Post, who once called him the “dean of Washington health lobbyists.” In 2001, Bromberg founded the lobbying organization, Capitol Health Group, which represented clients such as Humana Inc and Pfizer Inc, and continued working there as a vice chairman at the Federation of American Hospitals (FAH) until his death. Through the years, some of Bromberg’s achievements included acting as the Washington face of an increasingly powerful segment of the American health care industry while serving as executive director of the FAH.