Aetna to pull out of Virginia's Obamacare exchange

Health insurance giant Aetna announced Wednesday that it was pulling out of the Obamacare exchange in Virginia, citing massive losses and uncertainty ahead.

“Despite significantly reducing our exchange footprint, our individual commercial products could potentially lose more than $200 million in 2017,” Aetna spokesman T.J. Crawford said in an email. “Based on that financial risk, and growing uncertainty in the marketplace, we will not offer on- or off-exchange individual plans in Virginia for 2018. We will communicate decisions on our remaining states as appropriate.”