In yet another example of the egregious failure of ObamaCare, major insurer Humana announced on Tuesday that it will drop out of the individual health insurance market for 2018.
The company has already scaled back its presence as the market becomes increasingly unstable, according to the New York Times. In 2017, Humana sold individual policies in only 11 states.
“Based on its initial analysis of data associated with the company’s healthcare exchange membership following the 2017 open enrollment period, Humana is seeing further signs of an unbalanced risk pool,” the company said in a statement.
Humana has estimated that it will lose nearly $45 million on Affordable Care Act exchange plans, according CNBC.
ObamaCare has destabilized the market for insurance and failed the American people. Republicans are working to replace this defunct legislation with something that works for all of our citizens.