What Clinton and Trump would do about Obamacare
President Obama may have won the battle to create Obamacare, but it will be up to the next president to fix it.
Obamacare is facing multiple hurdles three years after the individual exchanges opened for business. Large insurers are scaling back their presence, with the latest blow coming Monday when Aetna (AET) said it would exit 70% of the states it’s now in. Smaller ones are either going under or getting out of the market. Nearly all are looking to raise rates for 2017 to stem their mounting losses from covering sicker-than-expected enrollees.
Experts say this turmoil is an expected shakeout in a complex program. Obama’s signature health reform law will survive, they say. But, the government does need to take steps to stabilize the market.
Read the full article: CNN Money