Coventry Health Care’s Decision to Exit Exchange

This just in. . .

From: J Pegues

Coventry Health Care has decided to withdraw our Individual plan filings for the Louisiana exchange in 2014. We did not make this decision lightly.

We came to this decision as part of our ongoing review of Aetna’s overall company strategy, including the impact of the Coventry acquisition that closed in May after each company had submitted its original exchange filings. We are taking a measured, multi-year approach to exchanges. In 2014 we are focusing on the exchange markets where we can be most competitive and deliver the greatest value to our customers.

It is important to note that this decision does not impact our existing business in the state. We are committed to the Louisiana market and will continue to serve individual consumers and small and large employers in Louisiana’s off-exchange market.

We will continue to assess our ability to participate on Louisiana’s exchange in 2015 and beyond.

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