Aetna withdraws from New Jersey insurance exchange

Posted: September 18, 2013

Aetna Inc. has withdrawn from the insurance exchange marketplace in New Jersey that was set up under the Affordable Care Act, leaving just three participating insurers for the exchange, which opens for enrollment Oct. 1.

In a statement last week, the company said the decision was part of its "ongoing review of Aetna's overall company strategy, including the impact of the Coventry [Health Care Inc.] acquisition which closed in May, after the original exchange filings were submitted for both companies." It stressed that it was "by no means leaving the NJ market, and will continue to sell plans to all group sizes as well as individuals outside the exchange."

The three companies remaining in New Jersey are Horizon Blue Cross Blue Shield, AmeriHealth New Jersey, and Health Republic Insurance of New Jersey.

New Jersey is the sixth state from which Aetna has withdrawn.

A company spokeswoman said Monday night that she could not comment on the status of Aetna's filing in Pennsylvania, where it is one of more than a dozen insurers that have made submissions, because it was still under review by the federal government, which will operate the exchanges in both states.


Contact Don Sapatkin at 215-854-2617 or dsapatkin@phillynews.com.

comments powered by Disqus
|
|
|
|
|