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What Aetna's move to pull insurance plans from MD exchange means

Baltimore Business Journal, August 6, 2013

Aetna's decision Friday to withdraw the health insurance plans it had intended to offer through the state insurance exchange will have ramifications for everyone involved — including consumers. The Maryland Insurance Administration on July 26 released rates for plans to be offered to individuals through the new online marketplace, Maryland Health Connection, that were significantly lower than those requested by insurers. Aetna and Coventry Health, which Aetna owns, now say they were withdrawing from the exchange because the rates approved were too low. Aetna and Coventry had sought among the steepest increases and the rates approved by the insurance administration were significantly below what the insurer had requested.