Humana To Scrap Remaining ACA Policies In 2018

Law360, New York (February 14, 2017, 7:54 PM EST) -- Humana Inc. on Tuesday said it will halt participation in Affordable Care Act marketplaces next year, citing a mix of customers that remains too unhealthy and unprofitable.

The insurer’s exit from ACA marketplaces in 11 states will affect 150,000 consumers. That’s a tiny percentage of private ACA enrollment, which exceeds 12 million, but Humana’s departure could nonetheless be significant in smaller states with marketplaces that already lack competition.

In explaining its move, Humana said that the recent open enrollment period ended with a customer mix, or...
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