Attkinson segment on United Healthcare about to bail on ObamaCare...they can’t make money. Lost $450 Million, sells plans in 35 states, Blue Cross also losing money, Etna losing money, plus healthcare exchanges going broke in several states.
Problem, only signing up sick people, rates go up, healthy people drop out....health insurance death spiral.
(Exact same thing that happened in Maine and other Northeast States and Kentucky.)
Robert Lasheski
Problem, only signing up sick people, rates go up, healthy people drop out....health insurance death spiral.
Geez.....who didn’t see THAT coming??
It was only discussed on this site, and many others....for months.
I’ve never been able to figure out what is in it for the insurance companies, ultimately.
So they get a HUGE payoff....then they still collapse. Then what? Single payer? Then what? The top execs move to a secluded island pay cash for premium healthcare....where the good docs are? Eventually, all the good docs would want out of our damaged system, wouldn’t they?
0CommieCare needs a stake driven through it. Who will do that?
I’ll be looking for the regime to do some serious arm-twisting and buying off anyone they can to keep zero care viable until zero is out of office. I’m sure that has to be the plan.
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Robert (Bob) Laszewski writes terrific (and understandable) articles that appear in Forbes a lot & he also posts them to his blog. If you REALLY want to understand what is going on with Obamacare, he's an excellent source. Here's his latest post on the topic you were talking about: