Executives at CVS Health Corp. revealed on Feb. 16 that its Aetna insurance division plans to return to the Affordable Care Act exchanges starting in 2022, a move that health care policy experts say underscores the increasing attractiveness of the individual insurance market for carriers. They also indicate that the trend is expected to continue, barring some major — and unlikely — policy shift.
“After careful consideration, we have decided to reenter the individual public exchange market as of January 1, 2022,” newly minted CEO Karen Lynch said in her prepared remarks during CVS’s earnings call to discuss fourth-quarter and full-year 2020 financial results (see story, p. 3). “As the ACA has evolved, there is evidence of market stabilization and remedies to earlier issues,” Lynch added. “It is now time for us to participate in these markets. We will show that we can bring great value to those who seek coverage.”