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Obamacare is Ruining Insurers

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Postby coach on 16 Aug 2016 16:25

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...
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Postby coach on 16 Aug 2016 16:26

Re: Obamacare is Ruining Insurers

For those that didn't catch it, the subject line is sarcastic.
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Postby LeVeL on 16 Aug 2016 16:38

Re: Obamacare is Ruining Insurers

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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Postby JMT on 16 Aug 2016 16:39

Re: Obamacare is Ruining Insurers

phpBB [media]





Report: New evidence of rising Obamacare premiums

Overwhelming Evidence That Obamacare Caused Premiums To Increase Substantially


Notice anything about this graph?

Image
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Postby coach on 17 Aug 2016 13:49

Re: Obamacare is Ruining Insurers

JMT wrote: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.
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Postby JMT on 17 Aug 2016 15:14

Re: Obamacare is Ruining Insurers

Sure, sure, that's just a normal increase in prices.
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Postby slamminshaun on 17 Aug 2016 21:04

Re: Obamacare is Ruining Insurers

coach wrote:
JMT wrote: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!!!
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Postby coach on 19 Aug 2016 23:54

Re: Obamacare is Ruining Insurers

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
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Postby coach on 08 Nov 2016 15:31

Re: Obamacare is Ruining Insurers

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
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Postby JMT on 15 Feb 2017 00:00

Re: Obamacare is Ruining Insurers

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