Aetna’s Decision Another Sign that Obamacare is Bad Medicine for Marylanders

Reality of Higher Costs Under Obamacare Puts 13,000 Marylanders at Risk

WASHINGTON, D.C. – Congressman Andy Harris, M.D. released the following statement regarding news that Aetna will not be providing health insurance in Maryland’s exchange. The reality of higher costs under Obamacare is putting 13,000 Marylanders with Aetna insurance at risk. Despite higher premiums announced last week by the Maryland Insurance Administration, Aetna would still have operated at a loss if they participated in Maryland’s exchange.

“Today’s decision by Aetna to withdraw from Maryland’s exchange is another example that Obamacare is bad medicine for Maryland,” said Harris. “It’s telling that an average 25% increase in premiums is not enough to make the Obamacare train wreck work. Despite promises by President Obama and others that this law would lead to lower premiums and greater access to care, the exact opposite is turning out to be true – Marylanders will be paying more and having fewer choices. It is time for the President to accept Obamacare’s failures and join House Republicans to implement health reforms that are patient-centered, lower costs, and improve access for all Americans.”