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Ed Reinke / AP

Humana is ready to jump ship completely on Obamacare. Executives said Tuesday that Humana "cannot continue to offer" Obamacare coverage for 2018, saying that the recent enrollment period showed the exchanges still have too many sick people and not enough healthy enrollees.

Humana spokesman Tom Noland confirmed that Humana, which had already scaled back its Obamacare participation, would stop selling coverage both on and off the individual exchanges in 2018. It has 152,000 customers in those plans. Federal law bars insurers from re-entering the marketplaces for five years, assuming they discontinue all types of individual policies.

Why this matters: Humana is now the first health insurance company to publicly come out and say it will completely end all Obamacare plans after this year. Other insurers are debating their participation internally and are waiting for President Trump and Republicans in Congress to put out an Obamacare replacement plan before they commit to the individual market. But the inability of Republicans to coalesce around a new plan is starting to have a real effect.

What to watch for: This could be the beginning of a domino effect in the individual market. If the Trump administration doesn't adequately stabilize the exchanges, more insurers could follow Humana, leaving many consumers out of health insurance options for 2018.

Go deeper

Felix Salmon, author of Capital
1 hour ago - Economy & Business

Investors pour millions into immersive, interactive art experiences

Photo Illustration: Megan Robinson/Axios. Photo: Martin Bureau/AFP via Getty Images

How much would you pay for "a sleek, if pleasantly confusing, package of moods" or "a confusing tangle of disjointed installations" or even "the total erosion of meaning itself"? The answer, according to the current market-clearing price, seems to be about $35.

Why it matters: Investors are pouring hundreds of millions of dollars into ticketed experiences — immersive, interactive museum-like spaces that don't have the d0-not-touch stuffiness of traditional museums.

Special Envoy for Haiti resigns over Biden deportations

Daniel Foote testifies during a Senate Foreign Relations Committee hearing on May 26, 2016. Photo: Drew Angerer/Getty Images

The Special Envoy for Haiti on Wednesday resigned from his position, writing in his resignation letter obtained by PBS that he "will not be associated with the United States inhumane, counterproductive decision to deport thousands of Haitian refugees."

Why it matters: Ambassador Daniel Foote's resignation comes amid heightened anger over the treatment of Haitian migrants and asylum-seekers living in a temporary encampment in Del Rio, Texas — especially after images surfaced of Border Patrol agents whipping at the migrants from horseback.

First-time homebuyers shrink as prices spike

Data: National Association of Realtors; Chart: Axios Visuals

Home sales cooled as prices continued to heat up in August.

Driving the news: The share of first-time existing homebuyers (29%) last month was the smallest in two years, according to new data from the National Association of Realtors.