Insurance chiefs tell Obama of concerns over healthcare fix

|By:, SA News Editor

Aetna (AET) CEO Mark Bertolini was among 15 insurance chiefs who met with President Obama and reportedly expressed concern about his one-year reprieve for people whose policies were canceled because the plans didn't meet the requirements of the healthcare law.

The fear is that the move will make it more difficult to attract the healthy customers who are seen as critical to the success of Obamacare.

The CEOs at the meeting included those of Cigna (CI), WellPoint (WLP), Health Net (HNT) and Molina Healthcare (MOH).

The meeting came after Congress passed a bill that would allow people to keep their existing policies through 2014. While the measure received strong Democrat support, it won't advance in the Senate, although members of the latter chamber have proposed similar legislation.