Aetna Says Good Bye to Obamacare in Connecticut

Wall Street Cheat Sheet reports:

Aetna (NYSE:AET) has decided to pull out of the Obamacare-created insurance exchange in the state where the company was founded — Connecticut. The insurer has withdrawn from the California and Colorado markets as well, but its decision leave its home state is quite the corporate identity crisis. The Wall Street Journal likened it to “L.L. Bean quitting Maine or Apple (NASDAQ:AAPL) leaving California — for the moon.” However, Aetna’s decision is more than a corporate identity crisis, it is a warning to the success of the exchanges.

The struggles of central planning.