Obamacare Provides Less Choices in Colorado: Aetna Leaves Individual Market

Obamacare is broken. Need proof? It's forcing employers and insurance companies to reconsider their business strategies to survive in the era of Obamacare. While many companies are cutting benefits to employees to save the large increase in costs to provide healthcare, insurance companies are now plotting their courses and leaving markets that will risk their survival under Obamacare. Look at what just happened in Colorado as printed in the Denver Business Journal:

A spokeswoman for Aetna confirmed Monday that the insurer will no longer sell new individual-market health insurance policies in Colorado and will terminate current policies held by state residents no later than July 31, 2012.

Why? One word--OBAMACARE!

While Aetna isn't directly blaming Obamacare, what else has changed in recent months to justify this action? Nothing.