Aetna is throwing in the towel in Virginia after suffering big losses in its Obamacare business.
The company said Wednesday that it won’t participate in the state’s individual market — either on the Obamacare exchange or outside of it — in 2018. Though it has greatly downsized its participation in Obamacare, Aetna (AET) said it could still lose more than $200 million in its individual market products this year. That’s on top of the nearly $700 billion it’s lost in the three years after the exchanges opened in 2014.
