Health insurer Aetna has dropped out of New Jersey's state-run health insurance exchange, according to a CNN report.
The decision is part of Aetna's measured, multiyear approach to the insurance marketplaces established under the Patient Protection and Affordable Care Act, a spokeswoman for the insurer told CNN. Aetna has also withdrawn from various other state exchanges in New York, Ohio, Maryland, Connecticut and Georgia.
Additionally, the health insurer has decided not to participate in the new marketplaces in Tennessee and Texas. Aetna has also announced it will drop out of California's individual insurance market entirely later this year for unspecified reasons.
Aetna will continue to sell health plans to employers and individuals outside of the exchange, according to the report.
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