AETNA/COVENTRY PULLING OUT OF THE INDIVIDUAL MARYLAND EXCHANGES

Earlier this week Aetna, who recently purchased Coventry Health Plans, told the Maryland Health Administration Commissioner, Therese Goldsmith that both Aetna and Coventry will be pulled out of the mix for plans offered on the individual exchange.  Aetna requested rates for one of their plans that was 29% higher than what the exchange would allow and decided that to lower their premiums by that amount would be unprofitable. Aetna and Coventry, however, have shown no signs that they are pulling out of the Small Group Exchange Plans.