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Humana expected to quit ACA marketplaces

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The Affordable Care Act has apparently been inhumane to Humana.

In the words of Bloomberg News: The huge insurer “probably won’t collect enough money to cover costs for some customers who bought individual plans {in an ACA exchange}, and will set aside what’s known as a premium deficiency reserve. The shortfall is for 2016 plans that comply with new rules under the Affordable Care Act.”

Ana Gupte, an analyst with Leerink Partners,  told clients that “We expect Humana will exit health insurance exchange marketplaces in 2017 in light of this data and focus on its Medicare Advantage book of business.”

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