Major insurer to leave Obamacare markets

By Robert King

Published July 21, 2016 5:53pm ET

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Major insurer to leave Obamacare markets — Republicans plan on repealing Obamacare slowly to give themselves time to draft a replacement. Insurance companies are expected to jump ship during that period, leaving millions without health coverage. (AP Photo) | Ed Reinke, Jessica Hill, Matt Rourke, Michael Conroy

Humana announced Thursday it will exit Obamacare plans in four states as part of a larger purge on the individual market, the latest insurer to pull back from Obamacare exchanges.

The company said in an earnings release that it is leaving eight of the 19 states in which it offers individual plans starting next year. The individual market is for people who don’t buy insurance through their work and comprises a majority of Obamacare.

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Affordable Care Act Insurance Industry Minusextra Robert King