Not my problem!
Posted on 11/21/2015 11:13:13 AM PST by Beave Meister
UnitedHealth Group, the country’s largest health insurer, announced on Thursday that it was expecting to lose $600 million on Obamacare policies in 2016 from the health insurance exchange websites, and may terminate its Obamacare business by 2017.
This was a sudden turnabout for the company. It was just a month ago that the company had said in an earnings call that they expected to expand their Obamacare coverage in 2017. According to Dave Wichmann, president and CFO, on October 15:
The annual care ratio is being modestly affected by the performance of our new [Obamacare] public exchange benefit programs which now served nearly 550,000 people. Like others we observe market-wide data this past spring that suggested the risk pool served by public exchanges would require more medical services than original expectations. Rather than wait for our own experience with our new members to fully developed, we increased rates and repositioned certain products market by market for 2016, and we expect improved performance next year. We will expand to 11 new markets in 2016, and we continue to expect exchanges to develop and mature over time into a strong viable growth market for us.
(Excerpt) Read more at breitbart.com ...
Obama never talks about Obamacare ,why ?
Insurance coverage that provides no medical care when you need it.
We have been so focused on other issues, but, Obamacare is not working as planned. Insurers are pulling out or going under due to Obamacare.
I sure hope somebody in the GOP, eithe pres. candidates or others running for office in 2016, will make Obamacare a campaign issue. The media and Democrats won’t highlight the failures of Obamacare. Some say we can’t repeal and replace Obamacare at this point. But if Obamcare is failing, then what exactly is supposed to happen? Full blown socialized medicine???
Why is it that liberals are never held to account for the failures of their policies????
Obamacare about to make its scheduled transition to Single Payer.
Introduce competition across state lines, and get all levels of government out of the market.
What a disgrace! I was thinking about this recently. When was the last time a GOP candidate even mentioned it?
It's easy to talk tough about savages on the other side of the world. But, something that will effect nearly all of us? Not prudent, I guess ...
He’s such a disgusting basturd!
In the final debates, GOP should constantly use the phrase “DEMOCRAT CARE”
“competition”
Health care at the high end is a series of government enforced monopolies - patented drugs and hospitals with local emergency care monopolies.
Market-based entities can’t effectively deal with government-backed monopolies.
We need to break up hospitals by converting them to real estate investment trusts leasing operating rooms to surgeons and anesthesiologists, nursing wards to nurses unions and private companies and labs to pathologists and private companies. Pricing would be based on provider-set Medicare day/evening&weekend/night multipliers (say 1.2/1.5/2.5, 1.35/1.6/2.8, etc.) posted (and changeable only on IRS estimated tax due dates to prevent airline-style pricing games).
You might buy a policy with insurer set 1/1.25/2.1 multiples and have the insurer invest your $10,000 returned if unused deductible.
Expensive drugs need to be sold on an affordable basis to patients with federal student aid expected financial contribution style price caps. If you can pay $8,000 to send a daughter to school you can pay up to $8,000/year for patented drugs (with Warren Buffett et al. paying far more).
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