Aetna Backtracks On ACA Expansion, Dealing A Blow To Obamacare

03:47

August 03, 2016

Jose Ramirez (L) and Mariana Silva speak with Yosmay Valdivia, an agent from Sunshine Life and Health Advisors, as they discuss plans available from the Affordable Care Act at a store setup in the Mall of the Americas on December 15, 2014 in Miami, Florida. ( Joe Raedle/Getty Images) — Jose Ramirez (L) and Mariana Silva speak with Yosmay Valdivia, an agent from Sunshine Life and Health Advisors, as they discuss plans available from the Affordable Care Act at a store setup in the Mall of the Americas on Dec. 15, 2014 in Miami, Florida. (Joe Raedle/Getty Images)

Aetna, one of the largest healthcare providers to participate in Affordable Care Act plans, said Tuesday it will re-evaluate its participation in the 15 state exchanges where it offers coverage. It canceled plans to expand into five more states.

The insurer says it faces an estimated $300 million in losses on its Obamacare business, joining other major insurers concerned with the ACA's viability.

Sarah Kliff of Vox speaks with Here & Now's Jeremy Hobson about what Aetna's announcement reveals about the future of U.S. health law.

Guest

Sarah Kliff, senior editor covering healthcare for Vox. She tweets @sarahkliff.

This segment aired on August 3, 2016.