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Obamacare Death Spiral

forkushV
forkushV
Aug 17, 2016
1:38pm
Block User
Quote
Originally posted by: O2bnVegas
Aetna, UnitedHealth Group, Inc., and Humana have already pulled back their participation in ACA public exchanges for 2017.

Aetna is pulling back from 11 exchanges (states) to four.

United sold coverage in 34 states. Next year they will cover three.

They all experienced huge losses covering people with major health problems rather than the number of "healthy people" they expected. And high priced specialty drugs they paid for.

Anyone relying on tax credits for affordable insurance better get ready...you may find yourself with no coverage or very high priced insurance. In fact, just about everybody better prepare to bend over and take it, premium-wise.

What I can't believe is that these companies didn't expect this, that they 'bought' that everything would be peachy keen. Who were they relying on for information?
Aetna's threat to withdraw from the program was an obvious shakedown to anyone with reading skills. Here is the letter they sent so give it a shot.

The shorter version of their message is, "Nice health care act you got there. Wouldn't want anything to ............happen to it.
hoops2
hoops2
Aug 17, 2016
9:28pm
Block User
As usual forky misstates. The letter said that Aetna needed to merge with Humana in order to make obamacare financially viable.

They have lost $300m
jatki
jatki
Aug 18, 2016
2:01am
Block User
Quote
Originally posted by: forkushV
Quote
Originally posted by: O2bnVegas
Aetna, UnitedHealth Group, Inc., and Humana have already pulled back their participation in ACA public exchanges for 2017.

Aetna is pulling back from 11 exchanges (states) to four.

United sold coverage in 34 states. Next year they will cover three.

They all experienced huge losses covering people with major health problems rather than the number of "healthy people" they expected. And high priced specialty drugs they paid for.

Anyone relying on tax credits for affordable insurance better get ready...you may find yourself with no coverage or very high priced insurance. In fact, just about everybody better prepare to bend over and take it, premium-wise.

What I can't believe is that these companies didn't expect this, that they 'bought' that everything would be peachy keen. Who were they relying on for information?
Aetna's threat to withdraw from the program was an obvious shakedown to anyone with reading skills. Here is the letter they sent so give it a shot.

The shorter version of their message is, "Nice health care act you got there. Wouldn't want anything to ............happen to it.


To anybody with even the slightest sense of business acumen would read it as "we need this merger in order to remain profitable with the ACA".
IndyBoilerman
IndyBoilerman
Aug 18, 2016
3:07am
Block User
The CBO is giving a bunch of assumptions by Obama and Friends, and Forkie points out that the conclusion they come to supports Obama's position.

Just one more example of Forkie's dishonesty.


]Originally posted by: forkushV
Quote
Originally posted by: DonDiego
Quote
Originally posted by: forkushV
Since the CBO says that repealing Obamacare would actually increase the deficit, I think the answer to that question is obvious.

Reference, please...





IndyBoilerman
IndyBoilerman
Aug 18, 2016
3:12am
Block User
Anyone who understands business, knew that Obamacare would lead to job losses.


q]Originally posted by: DonDiego
Quote
Originally posted by: hoops2
About 20 percent of companies in the New York region say they are cutting their workforce in response to the Affordable Care Act, according to a new Federal Reserve Bank of New York survey.

And most companies said they will be paying more in insurance premiums, and requiring their workers to pay a bigger share of those premiums, as a result of Obamacare.

hoops2's source: Obamacare Killing Jobs in New York Area

And an accompanying opinion piece: Obamacare is Failing


jphelan
jphelan
Aug 18, 2016
3:33am
Block User
Liberals don't understand business or economics.

Why is learning about Earth Day and Global Warming required in nearly every school, but a basic consumer economics class is not?

Is it more important for a 5th grader to learn how to put a condom on a cucumber or learn how to balance a checkbook or how much a student loan will REALLY cost?
billryan
billryan
Aug 18, 2016
3:51am
Block User
Balance a checkbook?
My, you really are living in the past. Who even writes checks these days?
JM2300
JM2300
Aug 18, 2016
4:22am
Block User
Quote
Originally posted by: billryan
Balance a checkbook?
My, you really are living in the past. Who even writes checks these days?

So no one writes checks anymore? We learned it here folks.

pjstroh
pjstroh
Aug 18, 2016
4:29am
Block User
Aetna's EPS has gone up every year since 2012 and is on pace for even higher this year. So lets put the BS about "Aetna losing money" to bed.

Poor Aetna only keeps earning more and more.

But it is true that Aetna (and every health insurer in the country) loses money on sick people and makes money on healthy people. Insurance companies would love nothing more than to only offer insurance to people who don't need it - which was the fundamental problem with preObamacare and to some extant postObamacare.

Raise your hand if you think insurance companies should be allowed to offer their service only to people who don't need it.

I hope someday Republicans can get past their desire to stick it to Obama and try to actually solve some of the problems with our healthcare system. There's still a lot of work to do.
hoops2
hoops2
Aug 18, 2016
5:08am
Block User
Actually Aetna's 1st half EPs is flat to last year.

According to liberals, companies are not allowed to make money & if a business unit is losing money they are expected to hold onto to it. However it is the duty of the board of directors to make money for their stockholders & to shed money losing operations.
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