Skip to comments.Aetna could be forced out of Obamacare: CEO (cause it's not attracting the uninsured)
Posted on 01/24/2014 7:39:18 AM PST by Zakeet
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 they're 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 can't be answered until we see the population we have today. And we really don't 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.
(Excerpt) Read more at cnbc.com ...
Obamacare has failed to attract the uninsured ... it has just shifted people who were insured on to public exchanges where they get a better deal on a subsidy for coverage ...
Preach it brother...
The irony is... even the people I know that are poor and in great need of insurance because of an existing condition... even THEY haven’t gotten Obamacare!
Heck! If they can’t even get all the sick with pre-existing conditions to sign up... they have zero chance getting the young and healthy to sign up.
They sold their souls to the devil. Reap the whirlwind.
And poverty programs never help the poor. So what is new?
Screw him... The insurance companies made sure this passed so they could get all those extra customers. I say let them burn.
Nearing a tipping point.
Once the insurance industry wakes up to the fact this is all a game of three-card monty intended to put them out of business and give us single payer, they are gonna pull out and start screaming bloody murder for repeal.
Better smart late than never I guess.
I thought Aetna was against it from the get-go? I could be wrong.
Aetna and Moody....... same day anti Obamacare Rhetoric.
Both are doomed, doomed I say
What could go wrong?
These health insurance companies would be smart to have policies “on deck” and ready to sell to people.
These policies would be what the buyer wants,
not what Obama mandates.
Just don’t comply. Buy the insurance you want/need and go to a doctor that accepts it.
The change Humana is referring to is Obama's unilateral "administrative fix" aimed at allowing individuals to remain enrolled in plans that had been cancelled--imposed by Obama's signature healthcare law mandates. Obama announced the "fix" after a storm of criticism over his broken promise that anybody who liked their plan could keep it.
UT, OH---DEMOCRAT TROUBLE AHEAD Paranoid about his wife's chances in 2016, Bill Clinton publicly called on Obama to "honor the commitment he made" that people should be able to keep their health care plans.
But State Insurance Commissioners w/ the power to do so, could not fix it.
When that fixit failed, the Clinton camp began distancing itself from Obamacare. The massive problems associated with O/Care are raining down on the not-amused American electorate.
SIGNING THE BIG EFFIN' DEAL
"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."
JUST AN EDUCATED GUESS (CACKLE)-- O/Care is a debacle b/c Dems are hiding it as an election issue.
Nanzi Pelosi Says Dems win in 2014 Focusing on The 3 Rs: Recruiting, Raising Cash, Raising Issues.....but Nancy plumb "forgot" to mention "Obamacare"--- the signature legislation of their president. Dems once said they were so s-u-r-e Americans would love Obama's wonderful healthcare plan, that O/Care is a winning Democrat issue.
Dems seem to have gotten the heebie jeebies about Obamacare. Is this why? (cackle)
As far back as 2008, at the presidential debate in Nashville, Democrat candidate Obama advanced his signature plan that was ultimately enacted (by an historic straight Democrat party-line vote) into the "Affordable Care Act :
OBAMA: "No. 1, let me just repeat, if youve got a health care plan that you like, you can keep it. All Im going to do is help you to lower the premiums on it. Youll still have your choice of doctor.
Repeated over and over ---- with the promise that every American family would be saving $2500.00 on healthcare costs.
LOCK-STEPPING PARTY LOYALTY NOT SEEN SINCE 1940's ERA EUROPE Obama And The Dumbos marched in lockstep. The persistent Dumbocrat drumbeat ---- in obeisance to Obama ---- kept ringing reassuringly in our ears: "If you like your plan, you can keep your plan."
According to plan. The sooner Obamacare wrecks the insurance industry, the sooner they can implement single-payer which is what they wanted in the first place.
"That's just what they'll be expecting us to do."
With all the “blogged law changes” to Obamacare, I don’t see where any company could be held accountable for not following the letter of the law. They should just ignore it and offer whatever policies their customers want at a rate that makes sense. When the FED comes after them, they can use our governments own words as their defense. If it goes to trial, I doubt there would be a jury that would convict.
We are now a fairly lawless nation.
I agree, except, when the insurance companies all go out of business, as was intended by the supporters of the law, then we go to single payer and have full on government healthcare (not just insurance). We'll never be able to build that free market back.
We are screwed. The libs won because America fell asleep at the wheel.
I’d like Aetna to stay solvent.
“Screw him... The insurance companies made sure this passed so they could get all those extra customers. I say let them burn.”
Fine, now tell us all what you are going to do for health insurance if the insurance companies go under? The ins. co’s may have not acted in the interests of their customers, but currently, they are the only game in town. Plus, none of us knows just what the government “promised to do to them” behind closed doors if they didn’t “play ball.”
Unless repealed...Obamacare will be the ruin of this country.
BS. They are no different than AARP and their support for the bill. They all saw $$$$ and nothing more. Let their bones be a reminder to all who would try it again.
You’re not wrong. I worked for BCBS at the time and AHIP did not support obamacare (America’s Health Insurance Plans). Insurance companies fought it, until it became law. Then, there was no choice but to implement it and try to keep their companies solvent at the same time.
But insurance companies are easy boogeymen, so the facts are easily forgotten.