Posted on 11/19/2015 9:29:12 AM PST by Olog-hai
UnitedHealth Group, in a surprising announcement, said this morning it has revised its profit expectations for the rest of the year due to what it called a "deterioration" of its individual commercial insurance offerings on government-run exchanges under the Affordable Care Act and offered no commitment it would stay in the business beyond next year.
The nation's largest health insurer said it was "evaluating the viability of the insurance exchange product segment," pulling back on its marketing efforts for individual exchange products for next year and "will determine during the first half of 2016 to what extent it can continue to serve the public exchange markets in 2017." The insurer sells individual plans on public exchanges in 24 states and covers more than a half million Americans in these plans. ...
(Excerpt) Read more at forbes.com ...
These lefty plans (Obamacare) meddle things to death and then position themselves to be the rulers of the ruins.
We might not always agree with how the free market constructs things, but we are also always free to lend our own hands to help if we don’t like where things are. That’s called opportunities.
Interesting and strange: we discovered that our provider only offers insurance in select counties in our state. Move across town, an you might not be able to buy insurance from your provider.
Maybe this is a way to get around having to pay out subsidies? People in poorer counties where subsidies are more common will not be able to buy insurance? Just a guess and I don't think that the architects and Obama and the Democrats planned on that.
Isn’t this the company that’s joined at the hip to AARP for Medicare supplements?
I don’t understand why the exchanges were set up as individual policy holders. Even before obamacare the vast majority could not afford this. When you get insurance through your employer, you get it by being a part of that pool so in theory cheaper. Why were obamacare exchanges not set up the same, as pools. Maybe that would not have made much difference, I dunno.
What do you mean that you bought from your provider?
Yup.
Obamacare - EPIC FAIL
Isn’t this the AARP stuff? Wasn’t AARP a major pusher of obamacare?
They’ve already cut my prescription coverage, I expect a bigger hit at the first of the year.
We had the advantage of being a customer for a number of years so they had our records on file.
BTW, it wasn't easy. They kept steering us to the exchange web site. After some research, we found a number and were able to bypass the whole front end of the process. They emailed pdfs of their plans so that we could compare. And they gave us quotes for everything last night.
You probably end up at the same point but it is how you get there...
Note: Yes, this is a blog, but it's worth a click. Long article with lots of links, a graph & with the weird character cr@p going on, I'm not posting the whole thing. It's also worth going back and looking at what he's been saying/predicting previously.
define to me what you mean by provider Please?
Your insurer. Ok thanks.
Ya. Sorry. My error.
“Provider” does not mean insurer in common usage. It means
supplier of medical services. And county-by-county coverage is common. The insurer does not pay subsidies; it received them.
http://money.cnn.com/2013/09/05/news/economy/obamacare-exchanges/
The Future of Health Care
Obamacare exchanges aren’t the only game in town
However, as an insurance company, or for that matter a doctor, the less hassle the better. Hopefully the insurance company will get reimbursed at some point. But they probably have to prove that a subsidy is justified to the powers that be.... and then they get reimbursed.
That means collecting and keeping financial information on an individual. Seems like a paperwork nightmare.
Thanks.
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