Obamacare is Ruining Insurers

On Tuesday, Aetna, the insurance giant, announced that it would decamp from Affordable Care Act health exchanges in 11 of 15 states in which it currently operates. Citing a $200 million pre-tax loss in the second quarter of 2016, the company says it will walk away from nearly 70 percent of its plans, a move that will leave at least one U.S. county in Arizona without an ACA provider.

http://www.theatlantic.com/business/arc ... re/496118/

Also,

Aetna Buys Humana For $37 Billion

http://www.forbes.com/sites/dandiamond/ ... f634bd7b32

Sooo...

For those that didn't catch it, the subject line is sarcastic.

I saw this earlier and immediately thought about Republicans using this as another reason to end Obamacare.

Insurance Companies have always benefited by refusing to cover those people that are really ill. I have no sympathy for their lost profits due to covering those individuals in need of insurance.

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Report: New evidence of rising Obamacare premiums

Overwhelming Evidence That Obamacare Caused Premiums To Increase Substantially


Notice anything about this graph?

Notice anything about this graph?

Technology (cars, software, toys, TVs), i.e. things that we can outsource to slave labor countries, is getting cheaper, while actual services (college, medical care, child care), i.e. things cannot be outsourced to slaves, is getting more expensive.

Sure, sure, that's just a normal increase in prices.

Notice anything about this graph?

Technology (cars, software, toys, TVs), i.e. things that we can outsource to slave labor countries, is getting cheaper, while actual services (college, medical care, child care), i.e. things cannot be outsourced to slaves, is getting more expensive.

Lasek surgery, plastic surgery.....slave labor!!!

There is always two (sometimes more) sides to profit, revenue and expenses. There are numerous insurers that claim they are making profit on the ACA exchanges. I wonder why Aetna isn't...
http://www.courant.com/business/connect ... story.html

Aetna CEO Received $27.9M In Compensation In 2015

People keep blaming Obamacare for the cost increases, but really it is massive profits and compensation for insurers.
https://www.consumeraffairs.com/news/he ... 10116.html

It begins...

Major Blow to Obamacare: IRS Won't Require Proof of Health Insurance Coverage