by Mike ‘Mish’ Shedlock
Obamacare is facing the hard knocks of reality. Selling overpriced insurance to the healthy and underpriced insurance to the sick is not a good model for insurance companies.
Aetna is the latest insurer to say it has had enough. Aetna announced it withdraw from 11 of 15 states where it currently offers plans through the exchanges.
Pinal County Arizona, in the Phoenix area, may have no insurers offering plans.
[…] The Wall Street Journal reports Aetna will reduce the number of counties where it sells exchange plans next year to 242 from 778.