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Dayton
Business Journal
Aetna pulls out of Ohio insurance
marketplace
by
Tristan Navera
Aetna
has withdrawn its individual exchange filing in Ohio for
2014 but plans to continue offering its Coventry individual product on
the exchange.
Aetna
has reversed course on plans to participate in Ohio’s
federally-mandated health insurance exchange next year.
The
company told the state late last week it was withdrawing its
plans from consideration to be on the Ohio exchange. The plans had been
pending
approval by the Ohio Department of Insurance, said Ohio Lt. Gov. Mary
Taylor.
This could mean less competition for those insurance firms that are
participating in the exchange.
“Aetna
has withdrawn its individual exchange filing in Ohio for
2014 but plans to continue offering its Coventry individual product on
the
exchange,” said Aetna spokesperson Cynthia Michener. “Aetna also will
continue
to provide its individual product in the off exchange market.”
In
July 2012 an Aetna official was quoted as saying the company
has 38,000 medical members in Montgomery, Greene, Preble and Miami
counties.
Currently Aetna and Coventry health Care Inc., a company recently
acquired by
Aetna, have a combined 725,260 medical members nationwide, including
more than
8,800 individual members in Ohio. More recent numbers for the Dayton
region
were not available.
The
health insurance exchange, mandated by the Affordable Care
Act, will be a public marketplace for health insurance for people who
are not
insured through an employer, Medicare or Medicaid. It will come online
Jan. 1,
2014, following an enrollment period which begins Oct. 1...
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the rest of the article at the Dayton Business Journal
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