Las Vegas Advisor Menu
« LVA Forums « Vegas Free-for-All

Obamacare Update

billryan
billryan
Apr 17, 2016
10:20am
Block User
Something tells me boils lost some money following the fool.
Boilerman
Boilerman
Apr 17, 2016
10:33am
Block User
Billy, don't be silly. Boiler is a Barron's and WSJ guy.
chefantwon
chefantwon
Apr 18, 2016
10:24am
Block User
Nevermind any independent study of the facts, PJ and Forkie are lock step in the Gospel of the Obama...

And we still have that employer mandate thingy.....
Don
Don
Apr 19, 2016
12:01am
Block User
UnitedHealth to exit all but a handful of Obamacare exchanges in 2017 -CEO
"UnitedHealth Group Inc Chief Executive Officer Steven Hemsley said on Tuesday [today - DD] that the company would largely exit the Obamacare exchange market in 2017, following through on a warning he had given late last year that costs appeared to be unsustainable.

Hemsley, in prepared remarks made as part of the company's first-quarter earnings report, said that after a state-by-state review, it had found that the smaller overall market size and shorter term, higher risk profile suggested it could not offer plans on a sustained basis. UnitedHealth sells these individual insurance plans, created as part of President Barack Obama's national healthcare law, in 34 states this year."
Ref: Reuters

pjstroh
pjstroh
Apr 19, 2016
12:14am
Block User
Quote
Originally posted by: DonDiego
UnitedHealth to exit all but a handful of Obamacare exchanges in 2017 -CEO
"UnitedHealth Group Inc Chief Executive Officer Steven Hemsley said on Tuesday [today - DD] that the company would largely exit the Obamacare exchange market in 2017, following through on a warning he had given late last year that costs appeared to be unsustainable.

Hemsley, in prepared remarks made as part of the company's first-quarter earnings report, said that after a state-by-state review, it had found that the smaller overall market size and shorter term, higher risk profile suggested it could not offer plans on a sustained basis. UnitedHealth sells these individual insurance plans, created as part of President Barack Obama's national healthcare law, in 34 states this year."
Ref: Reuters


Collectively, United Health's profits grew over 20% the past 12 months in the context of the Job-killing healthcare law.
United Health beats estimates and raises guidance

But they lost money on a subset of their customers that were sick. They don't want anything to do with those people. Its nice that they value profits over patients, isn't it?
Don
Don
Apr 19, 2016
12:44am
Block User
Obamacare has always been about money, . . . and about lying about money:

ecomstoc
ecomstoc
Apr 19, 2016
12:53am
Block User
I'm sure she studied it in great detail:

"But we have to pass the bill so that you can find out what is in it", Nancy Pelosi.
alanleroyII
alanleroyII
Apr 19, 2016
1:03am
Block User
Quote
Originally posted by: pjstroh
But they lost money on a subset of their customers that were sick. They don't want anything to do with those people. Its nice that they value profits over patients, isn't it?
Luckily for PJ he has the option of avoiding these greedy bastard capitalists and spending his health insurance dollars with his local Health insurance Cooperative. He will then have tremendous service from a group of likeminded citizens who banded together to create insurance plans focused on patients and not profits.

Why 5 New Nonprofit Health Insurance Cooperatives failed.

400000 to lose coverage due to Healthcare Cooperative failures

Cascading Co-op failures

If the problem is really For Profit Insurance companies, why are all these non profit Co-ops failing after taking millions of taxpayer loans and grants? It seems like they should be thriving since they don't have shareholders breathing down their necks demanding quarterly profits.
pjstroh
pjstroh
Apr 19, 2016
1:56am
Block User
Quote
Originally posted by: alanleroyII
Quote
Originally posted by: pjstroh
But they lost money on a subset of their customers that were sick. They don't want anything to do with those people. Its nice that they value profits over patients, isn't it?
Luckily for PJ he has the option of avoiding these greedy bastard capitalists and spending his health insurance dollars with his local Health insurance Cooperative. He will then have tremendous service from a group of likeminded citizens who banded together to create insurance plans focused on patients and not profits.

Why 5 New Nonprofit Health Insurance Cooperatives failed.

400000 to lose coverage due to Healthcare Cooperative failures

Cascading Co-op failures

If the problem is really For Profit Insurance companies, why are all these non profit Co-ops failing after taking millions of taxpayer loans and grants? It seems like they should be thriving since they don't have shareholders breathing down their necks demanding quarterly profits.


Who says profits are the problem? I say crybabies are the problem.

The bottom line is undisputable. Collectively the health insurance market is not only profitable - but those profits continue to grow. Yet we hear lots of crying from Health Insurance companies and Obama bashers about struggling profits which is based upon a subset of the collective data - that subset being sick people on the individual market exchanges.

I'm not shedding any tears for struggling United Health's 20% profit rise this year, Alan. But feel free to join DonDiego in the narrative that Obamacare has really stuck it to the private insurers somehow. The only outrage would be allowing these companies to opt out of covering sick people.

I would change the ACA to only grant Medicare Advantage subsidies to insurers that also participate in the individual exchanges. That might make United Health's profits only rise 15% but it would be more beneficial to the public. You can determine which side of that equation is more important.





alanleroyII
alanleroyII
Apr 19, 2016
2:10am
Block User
Quote
Originally posted by: pjstroh
Quote
Originally posted by: alanleroyII
Quote
Originally posted by: pjstroh
But they lost money on a subset of their customers that were sick. They don't want anything to do with those people. Its nice that they value profits over patients, isn't it?
Luckily for PJ he has the option of avoiding these greedy bastard capitalists and spending his health insurance dollars with his local Health insurance Cooperative. He will then have tremendous service from a group of likeminded citizens who banded together to create insurance plans focused on patients and not profits.

Why 5 New Nonprofit Health Insurance Cooperatives failed.

400000 to lose coverage due to Healthcare Cooperative failures

Cascading Co-op failures

If the problem is really For Profit Insurance companies, why are all these non profit Co-ops failing after taking millions of taxpayer loans and grants? It seems like they should be thriving since they don't have shareholders breathing down their necks demanding quarterly profits.


Who says profits are the problem?
Coming from the guy who JUST whined about companies valuing profits over patients I'd have to say that person was you. It's not like every true liberal doesn't want to replace the for profit health insurance industry with a single payer government run scheme. Or haven't you been paying attention the last 20 years?

Already a LVA subscriber?
To continue reading, choose an option below:
Diamond Membership
$3 per month
Unlimited access to LVA website
Exclusive subscriber-only content
Limited Member Rewards Online
Join Now
or
Platinum Membership
$50 per year
Unlimited access to LVA website
Exclusive subscriber-only content
Exclusive Member Rewards Book
Join Now