Health reform implementation

Trump tweets: ObamaCare in ‘death spiral’

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President Trump took to Twitter Thursday to further claim the Affordable Care Act is in a “death spiral,” citing a major health insurer’s retreat from selling its health plans in Virginia.

Aetna on Wednesday announced that it would not sell ObamaCare plans in Virginia next year due to expected financial losses.

{mosads}“Despite significantly reducing our exchange footprint, our individual commercial products could potentially lose more than $200 million in 2017,” spokesman T.J. Crawford said in an email to CNBC.

“Based on that financial risk, and growing uncertainty in the marketplace, we will not offer on- or off-exchange individual plans in Virginia for 2018.”

Wednesday’s news follows Aetna’s decision to exit Iowa’s ObamaCare market in 2018, leaving it selling individual plans in Delaware and Nebraska.

The House will vote Thursday on a bill to repeal and replace ObamaCare, a GOP source said Wednesday.

The announcement sets up a high-stakes vote that is expected to come down to the wire.

Republicans can only afford 22 defections on the controversial legislation, as no Democrats are expected to vote for it.

Seventeen House Republicans have vowed they will vote against the bill, according to The Hill’s latest whip list.

Tags Aetna Donald Trump Healthcare Insurance ObamaCare Politics

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