Humana pulls out of Obamacare for 2018.

[Tanuki]

Apparently they can't screw people over sufficiently to make it worth their while.

http://money.cnn.com/2017/02/14/news/economy/humana-obamacare-insurer/index.html

"Humana (HUM) announced it is pulling out of Obamacare for 2018 on Tuesday, the same day it ended a merger agreement with Aetna (AET).
The company said in a press release it has tried for the past several years to keep selling policies where it could offer "a viable product." It said it increased premiums, exited markets and tightened provider networks in hopes of stabilizing its individual market business.
.......
Humana was among several major insurers to pull back from Obamacare for 2017, after having to pay higher-than-expected claims for its patients. The Louisville, Kentucky-based insurer stopped offering coverage in eight states and nearly 90% of the counties where it operated last year.

Insurers have also grown increasingly jittery as Congressional Republicans remain divided over how to repeal and replace Obamacare. Several large carriers -- and the industry's lobbying group -- have warned that they will leave unless lawmakers provide more clarity about their plans for the health reform law.
...........

The news comes hours after Aetna and Humana said they're calling off their $34 billion merger. Just hours later Cigna (CI) said it's calling off its $54 billion deal with Anthem.
Both deals were targeted by the Justice Department and were recently blocked by federal judges, citing antitrust concerns. Aetna said it will pay Humana a $1 billion breakup fee."

[geomon666]

1. "What? You mean we have to actually help people?"

"We're pulling out now! Heil Drumpf!"