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First major health insurance company to withdraw from Obamacare

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MIAMI, FL - DECEMBER 15: An Obamacare sign is seen on the UniVista Insurance company office on December 15, 2015 in Miami, Florida. Today, is the deadline to sign up for a plan under the Affordable Care Act for people that want to be insured on January 1, 2016. (Photo by Joe Raedle/Getty Images)

According to Politico, the healthcare insurer Humana will completely withdraw from the Affordable Care Act exchange program in 2018, leaving a sizable dent in the Obamacare market.

This would make Humana the first major health insurance company to walk away from Obamacare. The company states that it has come to this decision due to the fact that it stands to lose $45 million in 2017 on Obamcare business.

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