News of insurance giant Aetna pulling out of “Obamacare” was apparently not newsworthy enough for some networks.
CBS covered the fact that the third largest health insurance company was pulling back two-thirds of the plans offered under the Affordable Care Act due to financial losses. But ABC and NBC did not even mention the “big setback” through Monday night and Tuesday morning programming.
“One of America’s largest insurance companies is scaling back its involvement in Obamacare. Aetna’s decision is a big setback for the President’s health care law. Aetna says it will only sell 2,017 health insurance plans through the Affordable Care Act in four states,” Charlie Rose, co-host of “CBS This Morning” said on Tuesday’s show.
Correspondent Jan Crawford reported that “Aetna now says it’s going to withdraw from 11 of the 15 states.”
“It is effectively pulling out of nearly 70 percent of the counties where it offers health plans through Affordable Care Act exchanges. Now, Aetna said it just did the math and it was too much of a financial hit,” Crawford said.
“That’s a big change,” was co-host Gayle King’s response.
“Providing affordable, high-quality health care options to consumers is not possible without a balanced risk pool,” Aetna said in a statement, after reporting losses of $200 million.
“Fifty-five percent of our individual on-exchange membership is new in 2016, and in the second quarter we saw individuals in need of high-cost care represent an even larger share of our on-exchange population,” the company said. “This population dynamic, coupled with the current inadequate risk adjustment mechanism, results in substantial upward pressure on premiums and creates significant sustainability concerns.”
While CBS recognized the importance of reporting the story, it seems the other networks did not. Or their liberal sensibilities could not report on any problems with the president’s signature health-care law.
There was not even a nod to the issue on NBC’s “Nightly News” and “Today,” as well as ABC’s “World News” and “Good Morning America.” After Humana announced its departure from “Obamacare” in July, only CBS covered the news.
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(H/T: MRC NewsBusters)
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