Posted on 01/22/2014 10:35:29 AM PST by jazusamo
The Obama administration claims that its Obamacare sign-up numbers arent that far off from where they need to be. They have a vested interest in selling the program as a success, and have proven themselves dishonest about it from the beginning. Obama knew that his if you like your healthcare, you can keep your healthcare promise was bogus the entire time.
The CEO of Aetna insurance, Mark Bertolini, has a different take on the presidents signature healthcare law.
Aetna CEO Mark Bertolini told CNBC on Wednesday that Obamacare has failed to attract the uninsured, and he offered a scenario in which the insurance company could be forced to pull out of program.
The company will be submitting Obamacare rates for 2015 on May 15.
Are they going to be double-digit [increases] or are we going to get beat up because theyre double-digit or are we just going to have to pull out of the program? Bertolini asked in a Squawk Box interview from the World Economic Forum in Davos, Switzerland. Those questions cant be answered until we see the population we have today. And we really dont have a good view on that.
He said that so far, Obamacare has just shifted people who were insured in the individual market to the public exchanges where they could get a better deal on a subsidy for coverage. We see only 11 percent of the population is actually people that were firmly uninsured that are now insured. So [it] didnt really eat into the uninsured population.
Obamacare has actually added to the number of uninsured, with Target being the latest company to announce that it was ending healthcare for its part-time workers. They will be dumped onto the exchanges, and some will be subsidized by the government, meaning the cost to taxpayers will increase.
I wouldn’t rely on the pull-out. I’d try a safer method of Obamacare control like impeachment.
Agree. Guys say they’re going to pull out, but never do.
They are my supplemental with my medicare and I pay just under Three hundred fifty dollars a MONTH for paying off 20% medical expenses that medicare doesn’t cover. It goes up every year...
Are they going to be double-digit [increases] or are we going to get beat up because theyre double-digit or are we just going to have to pull out of the program? Bertolini asked in a Squawk Box interview...
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Double digit increases??
Bwa ha haaaaa!!!
Good for Mr. Bertolini in speaking outside the box here. Not unless FUBOCare somehow FORCES Aetna to stay with the program - look for Aetna and others to do the right thing and bail out.
This is huge! For the CEO of Aetna to publicly admit this is big news.
February 1st. Aetna backs out of Obamacare.
February 3rd. The IRS announces a full proctological audit of Aetna, and the Department of JustUs launches an investigation into Aetna on charges of obstructing obstruction. Richard Maddow dedicates his entire show to true heartbreaking tales of anonymous people who died on February 2nd because Aetna backed out of Obamacare.
Impeachment would be preferable by far.
The law is having its desired effect. Destroy insurance companies, and move all health insurance to the government.
LOL . . . Yep, might birth another offspring every bit as ugly as Obamacare.
</babylonian character set>
The insurance companies are all public. They have an obligation (note translation below) to notify shareholders of significntevents.
Note: otherwise the lawyers sue the siht outta them.
Isn't that correct? ...insurers can't confirm paid enrollment?
February 1st. Aetna backs out of Obamacare.
February 3rd. The IRS announces a full proctological audit of Aetna, and the Department of JustUs launches an investigation into Aetna on charges of obstructing obstruction. Richard Maddow dedicates his entire show to true heartbreaking tales of anonymous people who died on February 2nd because Aetna backed out of Obamacare.
Exactly what he wanted, everyone under government plan, government control! I doubt Aetna is the last one, either.
Then, they’ll transfer all the insurance employees to the federal government at the GS-15 level.
FOR THIS BOOBAMBA DESTROYED THE ENTIRE US HEALTHCARE SYSTEM---Months after the wobbly roll-out and screwed-up web site, Obamacare cunningly shifted people who were already insured onto its public exchanges to get taxpayer subsidies.....but failed to disclose these facts in order to hide its incompetence.
==================================================
"Those Democrats leering over my shoulder owe me bigtime. This
healthcare bill insures we have a permanent Democratic majority."
" All except those Tea Party types, swallowed hook, line and sinker my promises that they could:
(1) keep their existing health plans,
(2) keep their own doctors that they like,
(3) keep their 25-year-olds on the family health plan,
(4) never be denied coverage for a pre-existing condition,
(5) sign up instantly on my tech-savvy government Web site,
(6) buy insurance only after becoming seriously ill."
(7) save $2,500 in annual premiums in the bargain....
(8) All without any new taxes."
"Them sonovagun Tea Partiers will rue the day they criticized my wonderful bill."
I don’t believe so.
In my view the insurers can’t possibly know a thing until the incompetents running 0care know something, what a mess.
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