Aetna, the nation’s third largest health insurance provider, announced it will no longer take part in the Affordable Care Act marketplace in 2018, for state-based individual insurance exchanges.
Aetna originally offered coverage in 15 states; in 2016 the company announced they would cut cut coverage in 11 states but coverage would maintain in Nebraska, Delaware, Iowa and Virginia. This most recent announcement is that it would no longer sell individual coverage in those states next year. Click here to read more
A U.S. federal judge has ruled in favor of maintaining a 2016 Department of Labor fiduciary rule to protect financial investment customers by requiring their advisors to act only in their clients’ best financial interest.The court decision upheld a rule that obliges stockbrokers and financial professionals to disclose any conflicts of interests, like hidden fees and backend commissions. It is the second time a federal district court has defended the rule. Click here to read more February 2017