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The Trump campaign says the Affordable Care Act is 'slowly imploding' after Aetna slashed its Obamacare business (AET, HUM, UNH)

Published by Business Insider on Tue, 16 Aug 2016

A huge Obamacare decision by one of the nation's largest insurers is becoming political fodder.In a statement from Dan Kowalski, deputy national policy director for Republican Presidential candidate Donald Trump, the campaign said that Aetna's decision to remove itselffrom around 70% ofthe counties where it offers Affordable Care Act policies is another sign of the end for Obamacare."Aetnas decision to leave the Affordable Care Acts public marketplaces is the latest blow to this broken law that is slowly imploding under its regulatory red tape," said the statement.While Aetna is leaving a majority of thecounties where it offers ACA plans, it will remain in 242 of the 778 counties in which itcurrently does ACA business.The Trump campaign statementalso said that "millions" of Americans have lost their health insurance and businesses have had to "shutter their doors" because of the law.While the news will impact a large number of the 911,000 Americans that receive health insurance from Aetna's offerings on state exchanges, it's also a blow for the reputation of the law.Aetna is the third of the big five US health insurersto remove themselves from a large portion of the exchanges in the last year, along with Humana and United Healthcare. The insurance giants citedmulti-million dollar losses for their decisions to pull backACA coverage.The move also allowed the Trump campaign to reiterate a call for a repeal of the ACA."Mr. Trump has vowed to repeal and replace Obamacare," said the statement."The bureaucratic mess is costing Americans more everyday. Affordable coverage for evey [sic] American will be the top priority, and under a Trump presidency the government will work for the people again."SEE ALSO:Aetna, one of the country's largest health insurers, is ditching 70% of its Obamacare businessJoin the conversation about this storyNOW WATCH: This Excel trick will save you time and impress your boss
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