Posted on 11/19/2015 5:10:43 PM PST by lbryce
The nation’s largest health insurer fired a shot across the bow of ObamaCare on Thursday, citing flagging enrollment and high-risk customers in suggesting it may have to pull out of the exchanges in 2017.
UnitedHealth Group raised the alarm in an earnings update Thursday morning, with CEO Stephen J. Hemsley warning of dimming conditions in the market.
He pointed to lower enrollment forecasts and a concern that the exchanges are increasingly taking on less healthy – and therefore more costly – customers.
“In recent weeks, growth expectations for individual exchange participation have tempered industrywide, co-operatives have failed, and market data has signaled higher risks and more difficulties while our own claims experience has deteriorated,†he said in a statement.
(Excerpt) Read more at foxnews.com ...
meltdown - just like oblabla planned it
I bet that cost 0bama a few hundred million to the execs and board.
Now the government can come in as the single payer without the health insurance companies losing their shirts.
The fix is in.
But our President (the Big Zero) promised us that his Democratic Party health care plan was working as planned. I guess that was just one more lie. I wonder when Democrats will wake up and discover that Hope and Change means Hope, Promises and lies?
If you like your UnitedHealth policy...you can keep it...even if they go out of business...just trust me dammit. Yes, yes, ISIS was a spontaneous uprising but is contained.
What’s happening is as predicted. People are waiting until they get sick and need expensive treatment. Then they are purchasing insurance.
Wonder what happens when there aren’t any insurers left in the exchanges.
Wow, that’s the healthcare system that I have.
Scare? - that’s the Obama/left-wing wet dream - one step closer to a good excuse for a single-payer - ie government - payer system.......
Single payer was always the plan.
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