Aetna Scraps Exchange Expansion Plans

Aetna CEO Mark Bertolini announced Tuesday (Aug. 2) that while the company is pleased with its overall second-quarter results, it will not enter exchanges in additional states in 2017 as planned and is revisiting its current position in 15 states. In a call with investors, Bertolini said Aetna appreciates and is encouraged by the work CMS has done to stabilize the individual exchange market, but “there is still much work to be done to ensure the long-term future of this...