"Oh, there's a big surprise - I think I'm going to have a heart attack and die from not surprised!"
Posted on 02/01/2016 4:37:33 PM PST by John W
Aetna's chairman and CEO said Monday that the country's third-largest health insurer had "serious concerns" about the sustainability of ObamaCare's marketplaces.
"We continue to have serious concerns about the sustainability of the public exchanges," Mark Bertolini said on an earnings call Monday, according to prepared remarks.
He said the company remained concerned about "the overall stability of the risk pool."
Many insurers, including Aetna, have been losing money on the ObamaCare marketplaces, also known as exchanges, in part because of a sicker and more costly mix of enrollees, known as the "risk pool."
The country's largest health insurer, United HealthCare, made waves in November when it said that its losses on the ObamaCare marketplaces might cause it to drop out of that market altogether in 2017.
Aetna has been more optimistic.
(Excerpt) Read more at thehill.com ...
What did you expect when you follow an idea put forth by an idiot?
If you like losing money, you can keep losing money. - totalitariancare loser
AE, UnitedHC, Cigna, and the rest of Healthcare providers actually wrote the ACA.
Chickens coming home to roost...
What the big insurance companies like Aetna and United Healthcare are really saying is that they want an even bigger bailout from Congress than the billions they already got from the Republicans’ omnibus tax/spending bill last month.
None of those entities provide health care.
Get in bed with Obama and suffer the consequences
To paraphrase The Preacher, “A pill is for pain, and a bandage for a wound, but MONEY answereth all things.”
Don’t tell Kasich he is an Obamacare supporter
"Oh, there's a big surprise - I think I'm going to have a heart attack and die from not surprised!"
Aetna the worst health insurance provider I ever had and it was NOT through the exchange. Doctors do not want to accept it and hospital billing offices will even acknowledge how bad the company is. I am so happy to be rid of them!
Healthcare gate-keeper insurer $kimmers actually Are first line Healthcare Providers.
They Provide enrollee patient medical phone assessment via insurer RNs,
approval of whether they should see a doctor or specialist, which one, when, where,
and most importantly they Provide doctor visit / procedure deterrence via finiancial pain factor, ie: unaffordable multi-thousand dollar out-of-pocket deductible / co-pay deters doctor visits.
After all the gate-keeper delay, hassle, and out-of-pocket expense, many HC insurance enrollees choose not to pursue seeing a doctor.
Healthcare insurers are finally reaping what they wrote and sowed.
Health Care Industry Spent $243 Million in 2013 Lobbying ObamaCare
LOL....MORE Trump Effect :)
Obola said from the very beginning that ACA was just a bridge to single-payer.
Obamacare is Atlas Shrugged personified. Big insurance companies write the bill, support the bill, regulate any competition out of business, get backstopped against any losses and then whine that they are not making enough graft on this burdensome tax that does not benefit the individuals who are forced to pay for it.
Exactly
This whole thing is a boondoggle from top to bottom.
People complain about those receiving premium “tax credits” aka subsidies but the biggest subsidies are going to the insurance companies.
Taxpayers are getting hit every which way from Sunday.
A feast is made for laughter, and wine maketh merry: but money answereth all things
Ecclesiastes 10 Verse 19
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