The results illustrate the disarray in the ACA insurance markets, as insurers have struggled to accurately price insurance for a population that has proven to be a moving target.
In aggregate, two Independence subsidiaries,
Administrative expenses, however, totaled
Independence, which is the only company offering individual plans on the ACA exchange for next year in
Aetna, operating as
Aetna said in August that it would no longer sell individual health insurance plans on the ACA exchange in
Others that paid more in claims than they collected in premiums were
Pricing in the small group market was much easier for insurers to gauge.
In the small group market, more companies than not had a pretax profit, and all but four managed to collect more in premiums than they paid in claims.
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