aetna aetna says it will leave.healthy people signing up to offset the older and less healthy customers. we are watching sherry says someone getting hammered ahead of the opening bell. i'm than 20% after posting a loss in the first earnings report as a public company. most of the loss came from stock-based compensation. the employees at ipo time trading above the price. u.s. stock market futures. the s&p nasdaq dow futures on 25. s&p and nasdaq to the downside as well. lauren, happening now. lauren: rothbart income is chief investment officer sandy springs bank. you talk about financials in particular. >> they are my favorite sector. we are going to continue to see rising. >> they've done a lot to the election. >> they have come that they have. most of it was frontloaded. rates will continue to rise. the curve full text upwards then that will help earnings down the road. nicole: this talk about health care. news on aetna. your thoughts of the group. >> you know, underrated and health care. but expensive to the earni

have you news about aetna and how much aetna has pulled out of the obamacare exchanges. >> that's a point that really echoes the point president trump has been making which is that obamacare is going belly-up anyway already. united healthcare went from 34 exchanges they were involved in down to 3. okay? that preexists trump's presidency. aetna went from 15 down to 2. delaware and nebraska. now zero. the news isn't the way it's sold by the democrats or some of the other media outlets that somehow instability in the markets because they don't know what the government is doing is pushing aetna out. excuse me, aetna went from 15 states to 2 before trump was elected. liz: jonathan gruber, we're too stupid to understand obamacare, he says it's trump's fault. >> preexists trump. liz: pulling out in 2014. >> let me tell you why. here's the fault. aetna analyzed it in 2016 and found 55% of the people that had signed up were new that year on the exchanges, and guess what? they were sick and they had high-risk conditions. you know why? because young people, young people, 45% of the people who took t

look at aetna and other insures that pulled out.a lot of problems are failed co-ops and other things in the state were not promises kept to these insurance companies. the only problem with the ahca i feel like messaging has been wrong because one thing trump said, this is pretty good after quote, we'll not pay ransom to health care companies. reality you have to pay some of health care companies, that is a lot of reasons they're pulling out, to take on high-risk pools. there is a lot of costs there. as long as funds are sufficient and communicated correctly to americans that is what we can expect. melissa: lenore, the problem is nothing free. health care is not free. someone has to pay for people who use a ton of it because they're already sick. we tried to with obamacare get young healthy people to pay for all the other people who were unhealthy and using all the health care. they didn't fall for that trick. now someone has got to do it. it is about making it more efficient. where am i going wrong with that? >> absolutely. what we'

aetna and other insurance companies are pulling out because of uncertainty created.n't know -- liz: they were pulling out before. >> because they don't know whether or not they will be helped by the federal government, maintain themselves in those states they're struggling in. that is part of the affordable care act. there is federal lawsuit right now that is in the federal courts brought by republicans to stop payments in those risk corridors. if we get to that point and that dssion we'll see a lot healthier market. it will help to bring down the costs. uncertainty raises costs. insurance companies don't likes uncertainty. liz: congressman crowley, nobody in business likes uncertainty. >> i agree. liz: we know that here at business network. >> why tax reform has to be done in bipartisan way. liz: representative joe crowley of new york. we're fair and balanced on fox business. coming up in half an hour, david and melissa speak to senate judiciary committee chair chuck grassley, "after the bell." don't miss it. the dow is down 28. trying to climb back to the flat line

aetna is pulling out. these exchanges were badly conceived.fault when he couldn't get single payer system in. so they created the exchanges with the assumption that turned out to be totally wrong. that young people would balance the older pool ant didn't work. the health insurance companies are using hundreds of billions. we need something better thought out. >> neil: john skulley, the former ceo of apple. anyway, merrick garland. remember him? the choice of the supreme court that never got a hearing. how about fbi director? charlie gasparino on the serious pitch to make him the next james comey. then smash it into a tree. your insurance company raises your rates... maybe you should've done more research on them. for drivers with accident forgiveness, liberty mutual won't raise your rates due to your first accident. liberty mutual insurance. due to your first accident. ♪ it's not just a car, it's your daily treat. ♪ go ahead, spoil yourself. the es and es hybrid. experience amazing. i work with people everywhere on sea, on land, and in the air

aetna is not alone. humanna and united health also pulled the plug and anthem expectedo reduce its participation as well. now, the move by aetna is just one more sign that obamacare's promise of offering a marketplace for affordable coverage is crumbling. today just a third of the nation's counties have more than one insurer and state officials across the country are biting their nails to see whether more will sign on 2018 in the coming weeks. in iowa, the last remaining insurer has announced plans to pull out. worst coverage has become unaffordable. in maryland, for example, care first is seeking approvals for a 52% rate hike. and in can the plaintiff, rate hike requests range from 15% to 34%. as the options narrow, more and more people are dropping out. terror goodrich, raleigh engineer is one. >> reduces quality of life, frankly. i mean, yeah, we've got that plan in place. but with a huge deductible and paying those premiums, it really doesn't cover anything. and it puts us in a really bad spot, and i

aetna announced its decision to pull out of the nebraska and delaware marketplaces.his adds to the mountain of evidence that obamacare has failed the american people and reinforces why there's no time to waste repealing and replacing this law before it takes our entire health care system down with it. >> bret: you say fixing obamacare is necessary. why not put out your plan? >> you can't do it if you're going to try to repeal it. once they back off repealed, we will sit down and negotiate. >> bret: senator schumer in the interview. the big news that aetna is pulling out of obamacare, releasing a statement about the exchanges. products lost and are projected to lose more than $200 million in 2017. the losses are the result of marketplace structural issues that have led to co-opt failures and carrier exits and risk pool deterioration. we will not offer on or off exchanges plans in delaware or nebraska. we have completely exited the exchanges. if you take a look at this map, the largest premium hikes in the country so far, average premium increase for health care in the

aetna's going to lose $200 million this year.na lost $700 million in the previous years because of obamacare. there are good market reasons and the only alternative is socialized medicine. i mean, this public private participate of obamacare doesn't work. >> david, i disagree wholeheartedly. i think big insurance has brilliant manipulated both politics and pr to make people believe that these exchanges are failing. the reality is that the republican health care bill could have implemented some basic reforms to the affordable care act that included meaningful insurance reforms that would have stabilized the exchange markets, not for big aetna because they're not going to be able to thrive in this market. but the smaller nonprofit companies and smaller for profit can with some changes that are already in this field. but they didn't have to go and give away the insurance industry everything that they wanted, and that's actually what the -- >> elizabeth, here is the problem. it's fundamental. the problem with insurance and frankly, i

plans for nebraska and delaware. >>> aetna's decision comes as republicans in the housework to bring new health care legislation to a vote. the house majority leader today said significant progress has been made on an obamacare repeal bill. this after congressman fred upton said that he would back the measure if it includes his proposed amendment that increases protections for people with preexisting medical conditions. >> i think it is likely now to pass in the house. we'll see what happens. i'm not on the whip team. but then it goes to the senate and there will be a conference. this bill will change from where it is today, and likely from my perspective and others, probably change for the better. >> congressman upton's amendment would add $8 billion over five years to high risk pools to help offset costs for people with those preexisting conditions. >>> separately, the house today passed the trillion-dollar spending bill to fund the government through the end of september. the senate is expected to vote on the measure later this week. >>> secretary of state rex tillerson today said

. >> aetna announced they're the latest insurer to pull out of obamacare markets in virginia.to one of the senators from that state how that might impact the future of the house bill in the senate. stay with us. tai chi. 6:30? sam's baseball practice. you are busy. wouldn't it be great if you had investments that worked as hard as you do? yeah. introducing essential portfolios the automated investing solution. hey, ready foyeah. big meeting? uh, hello!? a meeting? it's a big one. too bad. we are double booked: diarrhea and abdominal pain. why don't you start without me? oh. yeah. if you're living with frequent, unpredictable diarrhea and abdominal pain, you may have... ...irritable bowel syndrome with diarrhea, or ibs-d. a condition that can be really frustrating. talk to your doctor about viberzi, a different way to treat ibs-d. viberzi is a prescription medication you take every day that helps proactively manage both diarrhea and abdominal pain at the same time. so you stay ahead of your symptoms. viberzi can cause new or worsening abdominal pain. do not take viberzi if you

aetna is leaving obamacare.he insurance giant will no longer sell policies on the exchange in delaware and nebraska. those are the last two states it was offering these plans. aetna has been scaling back for a while, and it's just the latest insurer to abandon obamacare. humana and united health already left most markets. but these companies blame cost. for example, aetna says it will have lost $900 million in obamacare from 2014 through this year because policyholders are racking up bigger bills than the premium covers. another big problem here, insurers want clarity. the program is already costing them and the current gop bill removes a lot of the subsidies that help pay for lower income americans. there are way too many questions left unanswered for these companies to do their planning. >> and the white house threats about whether or not they are going to put in matching funds is also creating instability in the markets. so the acting director of the fbi is going to testify before the senate in just minutes.

david: are other companies watching aetna? big company we are really focused on is and some. -- anthem. they sell under blue cross and blue shield brands. the say they will decide in next few weeks. that is one we are watching closely. see you.eat to his act covers health care for us at bloomberg news in new york. up next, an update on the state of play here as lawmakers prepare to vote on health care this afternoon. a look at the house chamber on capitol hill in washington, d.c. we expect it just a little bit later this afternoon and coverage throughout the afternoon here on bloomberg television. this is bloomberg. ♪ let's start with the headlines on first word news. mark: a leading senate republicans expressing concern about the health care bill making its way toward a vote in the house. south carolina lindsey graham has tweeted -- a bill finalized yesterday has not been scored and amendments not allowed and three hours of final debate should be viewed with caution. house leaders believe they have enough votes to pass the bi

some of the numbers i alluded to are shifting fast, aetna, aetna will leave owl the exchanges. remember when this whole thing started out, 30 mine states with set-up exchanges? we're going quickly to none. aetna, out of them all, by next year. stay with us. ♪ ♪ predictable. the comfort in knowing where things are headed. because as we live longer... and markets continue to rise and fall... predictable is one thing you need in retirement to help protect what you've earned and ensure it lasts. introducing brighthouse financial. a new company established by metlife to specialize in annuities & life insurance. talk to your advisor about a brighter financial future. won't replace the full value of your totaled new car. the guy says you picked the wrong insurance plan. no, i picked the wrong insurance company. with liberty mutual new car replacement™, you won't have to worry about replacing your car because you'll get the full value back including depreciation. switch and you could save $509 on auto insurance. call for a free quote today. liberty stands with you™. liberty mutual insu

of insurance company aetna assetted that -- asserted that obamacare is in a death spiral. there's good reason to think that he is right. significant lossessers driving health insurers out of the exchanges. last year aetna announced that it would withdraw from 11 of the 15 states where it offered exchange plans. human that said it would -- humana said it would exit several exchanges and united health care announced it was pulling out most of the 48 states where it offered to exchange plans. roughly one-third of u.s. counties have just one choice of health insurer on their exchange for 2017. and the situation looks likely to get much worse next year. in february health insurer humana announced its decision to completely withdraw from the obamacare exchanges for 2018. aetna is pulling out of two of the four states where it still offers plans in 2018, as indicate thad it may pull back -- indicated that it may pull back even further. united health care is leaving virginia. and other insurers are contemplating similar exits. "the new york times" reported march, and i quote, obam

so at aetna, we promise to keep finding new ways to join you so nothing gets in your way.o matter where it is you're going, or whatever stage of life you're in. we believe that when it comes to health. you don't join us. we join you. >>> a hump back whale looked out of a way of the california harbor saturday. they said the whale was about 2530 feet long and r and stuck among the boats. it took at a full day but the whale finally found its way out. >>> funeral plans are now set for sound garden front man chris cornell. he will be laid to reston may 26th. he will be buried at the hollywood forever cemetery. he performed with his band in detroit. the medical examiner's office ruled the death a suicide by hanging. he was 52. >>> lean na dun nam cancelled her tour. recent surgery and physical therapy to treat endometriosis has caused the greatest pain i've experienced. she said tickets will be refunded and she plans to make personal donations to the various nonprofit organizations that worked on the tour >>> after suffering from a steep drop in ticket sales, the ringling brothe

aetna announced it will no longer offer individual plants in delaware or nebraska next year. some have blamed uncertainty on the future of obamacare. >> there are other fixes we can work on that will help reduce deductibles and improve quality but that's only going to happen if we work across the aisle. >> dr. tom price drew this conclusion. "aetna's decision to withdraw from the obamacare exchanges adds to the mountain of evidence that obamacare has failed the american people." the republican push to repeal a new place obamacare has been a hot topic at town hall meetings across the country after the house passed its bill. new jersey congressman tom macarthur received national attention after negotiating an amendment with the conservative freedom caucus to give states more flexibility with the hope it would address storing premiums. some of his constituents vented their anger. >> you have been the single greatest threat to my family! >> macarthur told his constituents he's trying to help them. stick i don't want you to have to move to another state to get health care. i want

aetna is pulling out completely next year. the company confirming it would no longer serve delaware and nebraska in addition to the exit from iowa and virginia that was previously announced and individual plans are projected to lose $200 million this year. a financial hit the company seems no longer willing to absorb lose the insurer operating in 15 states with losses of $450 million. in a statement health and human services secretary tom price said, quote, and's decision to completely withdraw from the obamacare exchanges exams to the mountain of evidence that obamacare has failed the american people, repealing and replacing with patient centered solutions to bring down costs and increase choices is the only solution. we should add according to the kaiser family foundation there are other options in states where aetna still operates. anthem, cigna and molina healthcare, aetna will lead. companies say those companies are considering pulling back from the exchanges. they are likely to ask for increases from paying customers. th

the nations third largest health insurer at aetna has said that it completely is withdrawing from the state- based insurance market. aetna is citing massive financial losses and says next year it will stop offering individual plans it is too remaining states, delaware and nebraska. it is already announced plans to leave ohio and virginia. some have blamed uncertainty over the future of the affordable care act.>>there are other fixes that we can work on to reduce the deductibles and improve quality. they will only happen if we genuinely work across the aisle.>>government-backed insurance exchanges have been a critical component of the affordable care act. industry experts say when insurers leave the market that leaves two growing concerns among the remaining providers who don't want to be left covering all high-cost patients. >>> secretary of state rex tillerson is in fairbanks alaska. he's at the arctic summit. that is where the focus is on climate change. the arctic council is made up of eight arctic nations and at the summit they are looking at key environmental issues including cli

. >>> aetna said costs related to its failed merger with rival humana caused a loss. still, profits were better than expected. the company said it's still assessing its future participation in the obamacare exchanges. >> we expect to lose around 200 million, $220 million this year on the exchanges with only a quarter of the member we hship year, which substantiates our view from a year ago, that we had the potential to lose as much as $900 million, so we're sort on that track. we're evaluating those markets as we speak. >> aetna raised its 2017 earnings forecast and shares rose more than 1% to $138.91. jo >>> molina says it's replacing the son of its founder, as a result of the company's disappointing financial performance. both executives are expected to remain on the board. the company will immediately begin searching for a permanent ceo. wall street liked the move, sending shares up more than 17% to $59.75. >>> the hardwood flooring retailer lumber liquidator says a rise in transactions helped sales improve. the company posted a narrower loss, that one missed targe

look what happened today with aetna?use when you go back in time aetna and humana we wanted to merge and say we cannot face the cost, let us come together. maria: they wouldn't let them. peter: humana walks away from aetna. maria: they were going to lose $200 million. peter: could we please come together and what did the government say, no. that seems to be the best indication -- lee: let's take a look at what we are seeing in headlines right now, this could be number one talking point why health care reform is necessary and we are talking about comey and russia and that's why it's such a big problem. maria: god point. dagen: fallen by the wayside in terms of what was in the headlines, trump administration, whether it was going to get tough on russia, yes, it was -- flexing its muscles in terms of dealing with the -- putin and his ilk, they should have let the investigation progressed. it was moving ahead but now back in the headlines, but to that point, one thing that the republicans do about the health care bill but th

that story mentioned aetna.etna possibly pulling out of inia, yesterday saying they will not sell individual insurance plans next year. i move attributed to growing uncertainty in the market. it sharply curtailed its 2017 participation to cover 4 states. it will leave iowa and has not nebraska orans for delaware. it announced its decision on virginia as republicans worked to bring new health-care legislation to vote. cost sharing reduction subsidies in 2017 and 2018. gordonsville, virginia. go ahead. caller: how are you? host: fine, thank you. caller: good. marco rubio got rid of the orders that karen tete insurance -- that guaranteed insurance companies they were able to make profit on high risk. is people ihing have never heard of. this is about people who don't have much of a voice. it is about people who are poor and middle class who don't get to speak up much and don't get much representation anymore from their congresspeople. helping poorut people, old people, and sick people. they don't care, and it is up

aetna is not alone. humana and united healthcare also pulled the plug in anthem is expected to reduce its participation as well. the move by aetna is just one more sign that obamacare's promise of offering a market place of affordable coverage is crumbling. today, more than a third of the nation's counties only have one insurer, and states across the nation are fighting to see if werewolf sign on for 2018 in the coming weeks. in iowa, the last remaining insurer medical has announced plans to pull out, worse, coverage has become unaffordable. in maryland for example, carefirst is seeking approval for a 52% rate hike appeared in connecticut, rate hikes fluctuate from 15% up to 34% as the options narrow, more people are falling out. good ridges one. >> it reduces our quality of life frankly. yes, we have the plan in place, but with a huge deductible and paying those premiums, it really doesn't cover anything, and it puts us in a really bad spot. i hope congress do something because it is ridiculous that the

insurance companies like aetna say they are getting out of the obamacare business. how will they react to the new plan? >> there is something in there for them, for sure. it may actually encourage them to be part of the system more so than what we've seen. if you think about the pre-existing condition aspect, insurers say this isn't fair. we can't take on people two days after they sign up for our insurance, they wind up costing us that much money because it turns out they had a pre-existing condition. in this particular scenario with what the house passed, it would mean taxpayers effectively would get hit with the bill. there is money being set aside by the government, and so the government and taxpayers would be covering people's pre-existing conditions as opposed to the insurance companies, so the insurance companies consider it a win. they can charge more. they can charge five times as much for older customers than they can for their younger customers. the way it currently stands, they can only charge about three times as much. that gives them an opportunity to

aetna pulling out of all of exchanges completely.replacement bill for obamacare. roll tape. >> absolutely. i really do believe we can get this by the end of the summer. i hope the senate can move this bill fairly quickly, hopefully in a month or two -- >> they said they're starting from scratch, some of them. >> at the same time, just so you say, we're going to be working on tack reform. it's not as if we wait for one to be finished and then go work on something else. we've been working on tax reform all along. stuart: freld, the stock market is very worried about the trump growth agenda. can you get it all done when you've got hearings like this and the firing of comey and all the rest of it? that's what's really upset the market. do you think they can get obamacare done, deal, signed, delivered and tax reform all this year? >> boy, that's going to be awfully difficult, particularly with democrats in total resistance and not wanting to go along with anything. it'll be hard but it is possible. and, look, obviously, this comey thing w

aetna was operating in 15 states with losses of $450 million.ders. they are to discuss terrorism and a growing crisis in somalia where a u.s. navy seal was just killed. kyle died last week supporting somalia forces fighting al al shabaab. steve: a lot going on. thank you, abby. ainsley: thank you, abby. steve: all right. coming up. ainsley: coming up. more on the fallout of the firing of james comey. could the president be planning to take matters into his own hands yet again with another surprising move. ed henry live from washington, next. brian: and guess what? the rock might be running for president in 2020? what the chances of him giving trump a run or even going for a nomination? i think he's a republican. with unitedhealthcare, you can get rewarded for all kinds of things... like walking. hey, honey. dad, where's the car? thought we'd walk. he's counting steps. walk, move and earn money... goal! dad... hey, we wanna welcome everyone to the father daughter dance. look at this dad, he's got some moves! money you can use on out-of-pocket med

the reason healthcare provider aetna is pulling out of obamacare going forward. >>> three people ared including a sheriff's deputy tonight after a shooting in arkansas. the deputy was on his way to a reported disturbance when he was shot and killed during a traffic stop. other deputies who were responding to the scene found two women dead outside a home. >> our hearts are saddened, and we are in prayer for his family and the officers who were his comrades that served and protect this county. >> the man police believe is responsible for all three deaths was taken into custody after an hour's long standoff with authorities. >>> as republicans work to rewrite and replace the affordable care act, the current healthcare law has taken a hit. the nation's third largest health insurer, aetna, says it is completely withdrawing from obamacare state based insurance mark. aetna is citing massive financial losses and says next year it will stop offering individual plans in its two remaining states, delaware and nebraska. it is already announced plans to leave iowa and virginia. some are blaming u

excuse me, i went anthem, not aetna, another big a. but going in the direction that's more profitability, good for the shareholders. when it comes to who are the stakeholders, that's the american people we're thinking about here. meanwhile, president trump has come out with a budget proposal. he takes an ax to medicaid, the safety net and all nondefense departments. cuts totaling $3.3 trillion over ten years. now, the president claims that he will balance the budget within those ten years, but that is some serious wishful thinking. and for fact sake, here's why. >> the trump administration clearly has gdp growth on its mind. >> 3% growth in an american economy is to some people an absurd assumption. it used to be normal. >> i think we can absolutely get to sustained 3% to 4% gdp. >> we're bringing it from 1% up to 4% and i actually think we can go higher than 4%. i think you can go to 5% or 6%. >> president trump came out with his vision for the u.s. budget. sure, it comes with big increases on spending for defense and infrastructure a

i think the key is to focus on aetna's reasons. they said that they're losing money.oney significant one is this administration is throwing the enforcement of the affordable care act into chaos by not enforcing the individual mandate by not promising to pay the reimbursements to insurance companies that were part of the affordable care act and then the second thing that the aetna ceo said, look, repealing the affordable care act would be a huge mistake. what congress needs to do is be about fixes, and so when this repeal bill in the house gets over to the senate, we're going to do everything we can to stop a repeal and instead focus on bipartisan reforms. that's what we need to do. we can improve health care but we shouldn't break it. >> this latest example though that something no matter how you look at it, senator, no matter what side of the aisle you're on something has to be done now. you in particular have thousands of virginians that be needing health care. this is their only source of getting it as it's written now. so what do you do in the meantime now to make

. >> aetna the winner today, despite ongoing pressure in the obamacare business. coming up, the ceo breaks down the quarter and what's ahead for health care in this country. it's a first on cnbc interview. we'll talk about this ongoing battle on capitol hill, and how it could impact his business. might see a vote this week. >> always get a good read of what's going on in the industry when mark joins us. looking forward to that very much. you saw muvaney giving a firey defense of the government funding deal reached in congress, and president trump's tweet that the nation needs a good shutdown as he put it, we got the highlights on all of that coming out of washington. coming up in a moment here. >> and microsoft taking aim at google's chromebook and dominance in the education market. coming up, discussing whether mic microsoft can dethrone google. >> a guest that's a regular here on closing bell, and he happens to be the president of his local board of education, and he says they are very happy with the google chromebooks. what's it take to get microsoft in the mar

aetna is pulling out because they're projecting a $200 million loss.lue cross and blue shield will stop selling policies next year. if you do nothing, people continue to lose insurance as well. >> let's start with what's working, okay? 20 million people have health care. newly enrolled in health care. over 150 million americans have much better health care because they have protections they never had before. so, that's -- that's a reality. the medicaid program has worked well for lots of families across the country. understand what they're doing here, they're decimating medicate. they're going to take away, rip away health care to lots of folks and close a lot of hospitals in rural areas. i'm not going to let that happen. if they take repeal off the table and say we want to fix some of the problems that might be in the individual market or if you have, for example, in rural areas, if you don't have more than one insurer, yes, we should think about introducing a public option to create competition. let's remember what has happened here. a lot more peopl

aetna had already cut its participation from 15 states to 4 in 2017. iowa is going to be hit particularly hard by these recent developments as metic, the last insurance will likely stop selling health care policies in the state which will affect tens and thousands of americans. with reports like these coming every day, it couldn't be clearer that it's time for action on health care. we're glad so many members are with us and look forward to welcoming even more on board. also earlier today, the president dropped by an event focused on school choice with students ranging from kindergarten to high school. most of the students who visited the white house today are thousands of children who will benefit from the three-year extension secured by the president and congressional allies in the budget deal. the district of columbia's opportunity scholarship program, launched in 2004, provides vouchers to d.c. students who family receives benefits under the nutritional assistance program known as s. snrn.a.p. and this program gets results. 98% of the d.c. scholars

you see this happen with united, now aetna doing the same thing.great concern amongst them whether many more will stay. >> is that because obama care is collapsing under its own weight in is that because there's not the funding that was there before? because consumers are not interested? >> the fact this they lost a lot of money. they have overestimated the number of people who will sign up, and they have underestimated the cost that it will be. and i think they're having great trouble troying to figure out what the future law is going to do in terms of helping them with covering these individuals. >> you expect to hear other insurance companies follow suit? is this operationally specific to aetna or is this a much, much, much broader problem? >> i think it's a broader problem. i talked with other insurance companies, they're concerned about whether they'll participate or not. i think this is something that is across the industry, because there are really no guidelines on how they go forward. >> a lot of it was people sicker were signing up, people

aetna had already cut its participation in the exchanges from 15 states to four in 2017. iowa is going to be hit particularly hard by these recent developments as merica, the last insurance for most of the state, announced it would most likely stop selling individual policies in the state which will affect tens of thousands of americans. with reports like these seemingly coming every day, it couldn't be clearer that it's time for action on health care. we're glad that so many members are with us and look forward to welcoming even more on board. also earlier today, the president dropped by an event focusing on school choice that was hosted by the vice president and secretary devos with students ranging from kindergarten to high school. most of the students who visited the white house today are some of the thousands of local children who will benefit from the three-year extension of the d.c. school choice scholarship secured by the president and congressional allies in the budget deal. in the district of columbia's opportunity scholarship program which was launched in 2004

aetna had already cut its participation in the exchanges from 15 states to 4 in 2017.a is going to be hit particularly hard by these recent developments as medica, the last insurance for most of the state, also announced this week that it will likely stop selling individual healthcare policies in the state, which will affect tens of thousands of americans. with reports like these seemingly coming every day, it couldn't be clearer that it's time for action on healthcare. we're glad so many members are with us and look forward to welcoming even more on board. also earlier today, the president dropped by an e srepb focusing on school choice that was hosted by the vice president and secretary devos with students ranging from kindergarten to high school. most of the students who visited the white house today are some of the thousands of local children who will benefit from the three year extension of the dc school choice scholarship secured by the president and congressional allies in the budget deal. the district of columbia opportunity scholarship program which was launch

aetna.ou don't join us, we join you. >>> we are tracking breaking news. a helicopter crashed this morning near the new castle county airport. it crashed behind the post office ask burst into flames. the pilot was killed. he was 37 years old from frank lynnville, new jersey. we found this photo of the actual helicopter that went down. it took off from atlantic city and crashed just before noon. mitch went through the ntsb records. >> what were you able to uncover? >> so in the tri-state in pennsylvania, new jersey and delaware, we see five helicopter accidents a year. that's according to ntsb records that we reviewed. this is video from one of those fatal crashes back in 2012 in bucks county. here in pennsylvania in the last ten years, we have seen 31 accidents. in new jersey, we have seen 13 helicopters crash in that same period of time in the last decade. those records show delaware has seen four helicopter accidents not including the one today. now in those 47 crashes in the last decade, 1

aetna officially out of obamacare by next year.w its lead and what it means for states left without insurance options. you're watching cnbc, first in business worldwide. ation to pri, dramatically increasing print security with enterprise printers by hp. which is great, unless you're a corporate spy. unsecured printing makes your network vulnerable. enterprise printers by hp help prevent costly security breaches that can compromise your network and reputation. so i'm stuck spying the old fashioned way. hey. i'm not spying. secure printing by hp. i.t. orchestration by cdw. the shlike a bald penguin. how do i look? [ laughing ] show me the billboard music awards. show me top artist. show me the top hot 100 artist. they give awards for being hot and 100 years old? we'll take 2! [ laughing ] xfinity x1 gives you exclusive access to the best of the billboard music awards just by using your voice. the billboard music awards. sunday, may 21st eight seven central only on abc. >>> welcome back. ford shares are down 37% since ceo mark fields

etna will exit obamacare markets -- aetna will exit obamacare markets in virginia in 2018. humana left the obamacare exchanges, blue cross left nebraska, united health care left all but a handful of markets this year. you see, mr. speaker, we have roughly 3,000 counties in all of america. one third, 1,022, only have one provider. soon, more counties will have none. so you know what doesn't cover pre-existing conditions? a health care system that doesn't have coverage. no options means no coverage. that's the road obamacare is leading us down. and doing nothing leave taos many americans out in cold. -- out in the cold. and mr. speaker, we will not stand for that. we tried the obamacare way. it is failing remarkably. and the american people are demanding a change. now we have the chance to do something great. we can have care without control. civility without centralization. and support without mandates. we have a chance to listen to the american people and repeal and replace obamacare. the american health care act will repeal the individual and employer mandates. it will rep

aetna.n us, we join you. >> people of boone county, boy, do we have a surprise for you tonight. [ chuckles ] he was on his -- yes, yes, we do. yes. he was on his way to washington, but decided to first stop and be with the people who brought him there. [ applause ] please welcome the president of the united states, donald trump.

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>> right now, i believe aetna, humana, and cigna are overvalued.ws is priced into the sector. avoid those names. look at anthem and united health as two of the better ones in the group at the moment. >> i think that's something you guys might be agree on because those are your picks. >> i like united, and them, and i like humana. i think it's a strong growth story. wort was different under the obama administration, and now there's a republican super majority and policy's getting a lot more favorable for the medicare names, so i have a buy on humana, and on united, i think the value-based care tail winds continue under tom price as secretary of hhs and option which is there, health services is growing nicely and poised to expand margins, and, finally, on anthem, i disagree because i think medicaid exposure on the expansion population is very low for anthem, and it's nonexistent for united, humana, and aetna, they exited exchanges at this appointment, and so the large diversified managed care companies, i think, there's a lot more upside going forwar

>> well, aetna has had a very small footprint in delaware it's had only 12,000 people insured. let's get to the big picture. the big picture is as they said and other insurers have said we need to government to do several things. one is to guarantee they'll pay the cost sharing subsidies to cover deductibles and co-payments up to $60,000 for a family. the government and speaker ryan in particular has said that's got to be part -- we won't -- >> bill: this is under obamacare, nothing to do with the house did last week. >> you're absolutely wrong. this is for 2018 and 2018 they have to put the rates in now. the government has uncertain. the one thing insurance companies hate is uncertainty. speaker ryan has made sure they're uncertain. he is holding the bag and he is responsible for this leaving. it's the republicans being responsible. >> bill: let me go back to what you said. this was is their writing now, okay on screen. our individual commercial products lost nearly $700 million between 2014 and 2016. are projected to lose more than $200 million despite a significant reduction

so at aetna, we promise to keep finding new ways to join you so nothing gets in your way.going, or whatever stage of life you're in. we believe that when it comes to health. you don't join us. we join you. . >>> welcome back to our special torture test with cameron mathison. that's what we're calling it. we spent him across the country to conquer some of the world's biggest challenges and i know that this next one really pushed you to the limit physically. >> i wouldn't for it but not easy. >> he trained very hard. let's see, can cam become a ninja warrior? >> come on. i'm getting ready for the big day. i'm training with this american ninja extraordinaire who's going to show me a few things. hopefully not that. my training started where every course begins -- the floating steps. i'm okay. after a few more tries, i think i got it down. >> so good. >> so good, right? >> yeah. >> i just pulled a muscle. i'm okay. next, jessie graff tested my upper body strength, my agility and my balance. not pretty. not pretty. but effective. now after only one more two-hour training session

aetna and aetna is also europe's tallest and most active volcano.en very ak thif year. that's the news update this hour, now to brian with what's coming up on "power lunch." hi, brian. >> thank you very much. coming up at the top of the hour, it is a friday face off on "power lunch." we've got amazon versus google, nike versus adidas and mcdonald's versus shake shack. mark zuckerberg making the case for universal basic income. is it a good idea? we'll debate. and flight delays and long layovers. what would you pay for a little peace and privacy. the halftime report is back. "power lunch" with jon's tie on is coming up at the top of the hour. so you miss the big city? i don't miss much... definitely not the traffic. excuse me, doctor... the genomic data came in. thank you. you can do that kind of analysis? yeah, watson. i can quickly analyze millions of clinical and scientific reports to help you tailor treatment options for the patient's genomic profile. you can do that? even way out here? yes. even way out here. even way out here? ♪ it's not just a

we just got news that aetna is pulling out of virginia.pattern of insurers that say it's not worth it for them. so there's a fix that is needed. do you acknowledge that and do you think that as things stand now with president obama's affordable care act that it is dying on the vine, that something has to be done to reverse that. >> well, let's be clear. we're talking about problems in the individual insurance market, which is about 6% of the population. for 6% of the population, there's a problem. we have to address that. >> neil: it's a majority of those that depend on getting the coverage, right? >> if they're in the individual market outside of medicaid ex-spe expansi expansion, it's a problem. the problems first arose when republicans eliminated the risk corridors that were in the law that allowed insurance companies to be reimbursed basically or protected -- >> neil: but you'd be open for a fix for that. >> absolutely. >> neil: democrats are saying don't repeal it, right? just we can work together to fix it. don't try to kill it. >> a

aetna is p pllanning to leave virginia. >> i tried to get medicaid expansion.ted $10.4 billion. we get all of the money back. we pay it. i could have provided health care for 400,000 virginians and created 50,000 new jobs. shored up the state. 31 states took it. majority were republican governors, including michael pence, the indiana governor. john kasich from ohio. majority of states were republican governors. they were supportive of it, chris. that is a false argument. many of my legislature said to me i would vote for it tomorrow, governor. if i do, i lose my tea party primary. our job is to create jobs and booming economy and have great education and health care. congress takes actions that fall on our desk. they are not responsible for jobs every day. we are. it is fiscally and morally irresponsible. they are bringing in cases and cases of beer to have a party. come down here to virginia. go to one of the health clinics with me. go out to southwest virginia where people are hurting out there. they need health care. this is what it is about. this is a disse

aetna. you don't join us, we join you. as a goldman sachshose companiepresident,legal activity helped destroy our economy... phil murphy made his fortune in a rigged system. now the jersey machine has lined up with murphy and his millions. leaders should stand for the people, not the political machine. as a prosecutor, at treasury, and as head of the brennan center, i've taken on the powerful - from the mafia, to the nra, to the dark money that poisons our politics. i'll be nobody's governor but yours. >>> can i reveal a little bit of the conversation? she was talking about eating chili and she was talking about starting a fire. >> you don't eat chili and start fires in your fireplace but the weather it gloomy and rainy. chili what kind turkey or meat? >> turkey. >> bread and butter too? >> i will do that. >> lets talk about the weather now i'm hungry. stormtracker 6 live double scan we have a few showers south of atlantic city in cape may county even southern cumberland county. a few isolated patchy drizzle here in and ar

aetna. you don't join us, we join you. >>> it is a rainy monday throughout our area.e look now at downtown wilmington. the rain is really coming down in much of our area. >> and a live look at the first-alert radar showing where the heaviest rain is falling at this moment. we're in for more wet weather this week. nbc 10 first alert chief meteorologist glenn "hurricane" schwartz is here with the forecast. >> vai, it's not a pretty way to start with the week. we have a lot of clouds around the area and you can see in center city, the tops of the buildings are not visible, but you can still see across the river and it's more low clouds than it is fog right now. and you can see this area of rain coming up from washington, but there is an area of dry weather back to the north and west and that is going to be coming into many of our pennsylvania counties this afternoon. we do have another batch of heavier rain in central delaware and also in the philadelphia area, itself and heavier rain in the city has just moved across the river into burlington county right now, and that'

the headline said, aetna to obamacare, we're out of here. now, it's interesting because aetna is a company who was one of the cheerleaders for obamacare early on. they jumped in and said they wanted it to work. now they are saying that it failed. humana said it exit the -- quit the exchanges not one place but r where. we have seen big companies drop out of the market in virginia and iowa. there is just one company left selling in the exchanges in delaware, and one company in alabama and oklahoma, in south carolina and in my home state of wyoming. for people living in all of these states there is a monopoly for who they get to buy their insurance from under the obamacare markets. mr. president, that's not a marketplace. is it a monopoly. the associated press looked at all of these companies that are dropping out. it now found that 40% of america -- four out of ten counties in america will have just one company selling insurance in the obamacare exchanges for next year. four out of every ten counties in america. that's what you get with an oba

heard 94 out of 99 counties in iowa will not have any insurance next year and we heard today that aetna pulled out of the individual market in virginia. >> this legislation affects a fifth of the u.s. economy and millions and millions of americans. don't you think it was important to actually sit down and read -- read the language of this bill? >>, you know, i have to rely on my staff and i can probably tell you that i read every word and i wouldn't be telling you the truth nor would any other member. we rely on our staff and we rely on our committees and i'm comfortable that i understand this bill in its entirety, wolf, without pouring through every word and i'm just being quite honest. that's the way it is. >> let's talk about some aspects of this legislation and i assume you've been briefed by your staff. the bill estimates -- the bill eliminates the cap on what's called flexible spending accounts. do you know what the new cap is in the legislation or has that flexible spending account opportunity being completely eliminated? >> no, there's still going to be a cap but it's going to b