The decision by Aetna is the latest blow to President Obama’s signature domestic policy law. While it has brought coverage to millions, the new markets have proven volatile for some of the largest for-profit insurers.
The agreement by Indianapolis-based Anthem Inc. to sell its pharmacy-benefits arm to St. Louis-based Express Scripts for $4.7 billion has turned the companies at each other’s throats, culminating in a multibillion-dollar legal battle that began early this year.
Express Scripts Holding Co. said it's still working to resolve its contract dispute with Indianapolis-based insurer Anthem Inc., which has claimed it should be getting much more in savings from the pharmacy benefit manager.
Health insurance brokers in Indianapolis and across the country are increasingly helping companies, especially small ones, move from traditional employer-sponsored health benefits to what they call an individual strategy.
Anthem’s third-quarter profit rose nearly 4 percent as it added 174,000 health plan members. Its Medicaid, local employer and national employer segments all grew, although its individual business saw losses.