Another day, another insurance company dumping their New Jersey customers into Obamacare. Today’s contestant is Aetna, and what struck me was their howler of a rational for not renewing their current portfolio of plans.
Aetna had already developed new health plans that comply with the health care law’s standards for comprehensive benefits and no lifetime or annual caps, and it is sticking with those.
“We’ve worked throughout the year to develop a strong, competitively priced portfolio,” said Susan Millerick, an Aetna spokeswoman.
In my Day Job our office was enrolled in a “small group” plan from Aetna. We liked our plan. Alas, we couldn’t keep our plan.
And their “strong, competitively priced” alternative came in at around twice the rate we were paying.