Current Events > Aetna lied about reason for dropping out of the individual marketplace

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Balrog0
05/04/17 5:41:08 PM
#1:


http://money.cnn.com/2017/01/24/investing/aetna-obamacare-humana-merger/


Aetna had warned the government it may need to dump then-President Obama's signature healthcare law if the U.S. scuttled its deal with Humana (HUM).
"It is very likely that we would need to leave the public exchange business entirely...should our deal ultimately be blocked," Aetna CEO Mark Bertolini wrote in a letter to the DOJ last July that was obtained by the Huffington Post.
However, Bates said it's clear that "Aetna tried to leverage its participation in the exchange for favorable treatment" from regulators.
The judge said there is "persuasive evidence" that when Aetna later withdrew from the 17 counties in question, "it did not do so for business reasons, but instead to follow through on the threat that it made earlier."

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darkphoenix181
05/04/17 5:45:20 PM
#2:


Trump would likely applaud them
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sigless user is me or am I?
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Romes187
05/04/17 5:48:24 PM
#3:


sorry rog0 I don't have too much time but was the "persuasive evidence" listed in the article?
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Balrog0
05/04/17 5:50:37 PM
#4:


only kinda

basically the judge said they dropped out of more profitable states but stayed in less profitable ones, and emails showed that the president of aetna in the markets they withdrew from (florida in this case) was confused by the decision of higher ups to pull out since they were making money there
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