Health insurer Aetna announced late Wednesday it will not be participating in Delaware’s Health Insurance Marketplace in 2018.
That leaves Highmark as the only insurer in the state’s Affordable Care Act Marketplace.
Aetna is pulling out of every Obamacare exchange nationwide, citing an approximate $700 million loss for individual policies between 2014 and 2016. And an estimated loss of $200 million for 2017 throughout the United States.
“I am disappointed that Aetna will not be servicing the health needs of Delawareans in 2018. Given the uncertainty and instability surrounding the future of the Affordable Care Act, however, I understand their reasoning," Delaware Insurance Commissioner Trinidad Navarro said in a statement.
There are 11,854 Delawareans insured through Aetna’s exchange plans.
Their coverage will last through the end of 2017.
Consumers who have questions regarding Aetna’s departure are encouraged to contact the Delaware Department of Insurance at 1-800-282-8611 or 302-674-7300, or by e-mail at DOI_Consumer_Resource@state.de.us.