plan for additional business efficiencies should our deal ultimately be blocked. now, it s also true aetna had been losing money in the new exchanges, but it must have been expecting that to change. as late as july 19, 2016, the company was still planning to expand its footprint to as many as 20 states. but, after the justice department sued aetna to block thmergerith humana, aetna announced it would cut its participation in the exchanges from 15 states to four. and that s when its ceo subsequently unleashed the death spiral remark. joining me now, congresswoman karen bass of california. congresswoman, your colleagues across the aisle have been making a lot of the death spiral. they quoted the aetna ceo particularly. they kept saying obamacare is collapsing. what is your response to that? especially coming from the state of california which is one of the reasons why obamacare is
as late as july 19, 2016, the company was still planning to expand its footprint to as many as 20 states. but, after the justice department sued aetna to block the merger with humana, aetna announced it would cut its participation in the exchanges from 15 states to four. and that s when its ceo subsequently unleashed the death spiral remark. joining me now, congresswoman karen bass of california. congresswoman, your colleagues across the aisle have been making a lot of the death spiral. they quoted the aetna ceo particularly. they kept saying obamacare is collapsing. what is your response to that? especially coming from the state of california which is one of the reasons why obamacare is successful nationwide, i think that s the fear-mongering to justify what they re getting ready to do, which is to potentially cut 15 million people off of health care coverage.