The decision means Humana HUM +0.20% will reduce its Obamacare geographic presence by nearly 1,200 counties from the 1,351 counties across 19 states where the insurer currently sells individual coverage on exchanges under the health law now. UnitedHealth Group UNH -0.12% is scaling back to three states and Aetna AET -0.21% said this week it was evaluating its participation in 15 states and wouldn’t expand to new states next year.
“The company expects its 2017 geographic presence for individual commercial offerings to cover no more than 156 counties, down from its 2016 presence in 1,351 counties ,” Humana said Wednesday in its second-quarter earnings.