WOONSOCKET, R.I., May 26, 2021 /PRNewswire/ CVS Health Corporation today announced that Karen Lynch, Executive Vice President and Chief Executive Officer, will participate in a fireside. | May 26, 2021
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(Reuters) - CVS Health Corp said on Tuesday it would return to selling individual health insurance plans on the online marketplaces created by the Affordable Care Act (ACA), popularly known as Obamacare, saying the market had stabilized.
CVS Health s Aetna insurance unit and other large health insurers such as UnitedHealth Group Inc exited these online exchanges in 2017 and 2018, due to financial losses and uncertainty as Republicans took aim at former U.S. President Barack Obama s signature law.
More than 11.4 million people signed up in 2020 for these plans, which provide government subsidies based on income levels. We ve been studying the individual market for a while. Some of the remedies have been put in place. Clearly there s a big market, CVS Health s recently-appointed Chief Executive Officer Karen Lynch said at a post-earnings conference call.