Humana to drop out of ObamaCare at end of 2017

The Hill reports:

Health insurance company Humana announced Tuesday that it would leave the ObamaCare market in 2018.

The insurer said it would offer plans through 2017, but that the market has not stabilized enough to participate next year.

Humana said it was losing money from taking on too many sick people without enough healthy people to balance the pools.

The decision came after Humana scaled back participation and raised premiums, among other changes.

"All of these actions were taken with the expectation that the company’s Individual Commercial business would stabilize to the point where the company could continue to participate in the program," the company said in a statement.

The great moments of cartelized medicine.