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Aetna could be forced out of Obamacare: CEO (cause it's not attracting the uninsured)
CNBC ^ | January 22, 2014 | Matthew J. Belvedere

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 ...


TOPICS: Business/Economy; Culture/Society; News/Current Events
KEYWORDS: aetna; enrollment; healthcare; obamacare; obmacareinsurers

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 ...

1 posted on 01/24/2014 7:39:19 AM PST by Zakeet
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To: Zakeet

Preach it brother...


2 posted on 01/24/2014 7:42:45 AM PST by txrangerette ("...hold to the truth; speak without fear. -Glenn Beck)
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To: Zakeet

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.


3 posted on 01/24/2014 7:44:07 AM PST by TexasFreeper2009 (Obama lied .. the economy died.)
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To: Zakeet

They sold their souls to the devil. Reap the whirlwind.


4 posted on 01/24/2014 7:49:24 AM PST by Blue Turtle
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To: Zakeet

And poverty programs never help the poor. So what is new?


5 posted on 01/24/2014 7:50:33 AM PST by bmwcyle (People who do not study history are destine to believe really ignorant statements.)
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To: txrangerette

Screw him... The insurance companies made sure this passed so they could get all those extra customers. I say let them burn.


6 posted on 01/24/2014 7:51:49 AM PST by paul544
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To: Zakeet

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.


7 posted on 01/24/2014 7:51:53 AM PST by Buckeye McFrog
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To: Blue Turtle

I thought Aetna was against it from the get-go? I could be wrong.


8 posted on 01/24/2014 7:52:52 AM PST by CommieCutter ("For an idea to be too simplistic, it must first be proven wrong" --Thomas Sowell)
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To: Zakeet

Aetna and Moody....... same day anti Obamacare Rhetoric.

Both are doomed, doomed I say


9 posted on 01/24/2014 7:53:02 AM PST by bert ((K.E. N.P. N.C. +12 ..... History is a process, not an event)
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To: Zakeet
Obamacare's magic fomula was it was going to get people who weren't paying for healthcare to pay for healthcare... because it would be a cool thing to do.

What could go wrong?

10 posted on 01/24/2014 7:55:01 AM PST by Fido969 (What's sad is most)
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To: CommieCutter

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.


11 posted on 01/24/2014 7:55:28 AM PST by MrB (The difference between a Humanist and a Satanist - the latter admits whom he's working for)
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To: All
OOPS, THOSE "TRANSPARENCY-LOVING" OBAMATONS NEVER FIGURED ON ACTUAL DISCLOSURES....in a required SEC filing, Humana insurers disclosed to investors, "as a result of Dec 2013 federal and state regulatory changes allowing certain individuals to remain in their previously existing off-exchange health plans, the Company now expects the risk mix to be more adverse than previously expected."

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 R’s: 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 you’ve got a health care plan that you like, you can keep it. All I’m going to do is help you to lower the premiums on it. You’ll 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."

12 posted on 01/24/2014 7:56:07 AM PST by Liz
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To: Zakeet

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.


13 posted on 01/24/2014 7:58:28 AM PST by bigbob (The best way to get a bad law repealed is to enforce it strictly. Abraham Lincoln)
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To: Zakeet
Aetna could be forced out of Obamacare: CEO

"That's just what they'll be expecting us to do."


14 posted on 01/24/2014 8:21:44 AM PST by Yo-Yo (Is the /sarc tag really necessary?)
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To: Zakeet

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.


15 posted on 01/24/2014 8:24:19 AM PST by Tenacious 1 (My whimsical litany of satyric prose and avarice pontification of wisdom demonstrates my concinnity.)
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To: paul544
Screw him... The insurance companies made sure this passed so they could get all those extra customers. I say let them burn.

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.

16 posted on 01/24/2014 8:26:36 AM PST by Tenacious 1 (My whimsical litany of satyric prose and avarice pontification of wisdom demonstrates my concinnity.)
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To: Zakeet

GOOD!

I’d like Aetna to stay solvent.


17 posted on 01/24/2014 8:28:57 AM PST by G Larry
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To: paul544

“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.”


18 posted on 01/24/2014 8:53:55 AM PST by vette6387
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To: Zakeet

Unless repealed...Obamacare will be the ruin of this country.


19 posted on 01/24/2014 8:58:28 AM PST by ThomasMore (Islam is the Whore of Babylon!)
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To: vette6387

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.


20 posted on 01/24/2014 9:13:10 AM PST by paul544
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To: CommieCutter

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.


21 posted on 01/24/2014 10:43:50 AM PST by kdot
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