Skip to comments.UnitedHealth pulls out of Obamacare in California
Posted on 05/31/2016 2:51:50 PM PDT by Tilted Irish Kilt
UnitedHealth is exiting California's Obamacare exchange as part of its exodus from the law's individual marketplaces.
The state's Obamacare exchange, Covered California, told Kaiser Health News on Tuesday that the largest U.S. insurer is leaving the entire individual market in the state. Obamacare comprises a majority of the individual market, which is for people who don't get insurance through their job.
UnitedHealth has been in the exchange for only about a year and has about 1,200 enrollees. Covered California had more than 425,000 people enroll overall in the latest open enrollment period.
Earlier this year, UnitedHealth announced it was leaving most of the 34 states where it offers Obamacare plans, citing financial problems that include a lack of profitability in the exchanges.
Some major insurers, most notably Anthem Blue Cross/Blue Shield, announced they remain committed to the exchanges but need help from the Obama administration to remain financially viable.
That’s because Ocare was just a conduit for Medicaid.
Yet another step on the road to single payer....
UnitedHealth lawyers wrote Obamacare hoping to boost membership in SEIU nationwide.
SEIU began as “Janitors for Justice” in California.
Yep. They will apply maximum pain to the weakest members of society and lay the blame on those who won't move "to the next step," which is single payer.
“Earlier this year, UnitedHealth announced it was leaving most of the 34 states where it offers Obamacare plans, citing financial problems that include a lack of profitability in the exchanges.”
That’s an understatement!!!
Salaries of healthcare CEOs outpace even health care costs.
Nobody is worth this much. Nobody. It not as if he started the company with his own sweat.
$109 million plus 99 million in stock options!!!! This was in 2009. More recently Blue Cross parent company CEO made $12 million plus. State wide CEOS of Blue Cross and Blue Shield do not do as well but they are doing fine $600,000 plus.
Take it up with the Board of Directors and the Shareholders.
“Take it up with the Board of Directors and the Shareholders. “
The Board of Directors will be his golfing buddies and the shareholders rarely know what the hell is going on.
That's their problem then.
The death spiral has started. (Actually, it started some time ago.) nobamacare was supposed to lead to single payer. Medicare for the entire nation. But it has failed. I doubt nobama has enough time left to see his dream to conclusion.
Even if he does, this fascist law will not stand.
“Nobody is worth this much. Nobody. “
So open your own insurance company and do it the “right” way.
Pay yourself CEO min wage while you’re at it.
The CEO’s of Big Insurance and Big Pharma and Big Hospital Chains certainly were stupid for supporting this disaster initiated by Obama, an imbecile who had never worked in a real job in his life. He was an affirmative action government leech, living off the tax payers of IL and the US, and he thought he could run the healthcare of the nation. Talk about an egomaniac! And these business leaders were too PC to say “No” to the totally unworkable maze of government regulations and the tens of thousands of computer codes that were supposed to run Obamacare! They should all be fired by their stockholders for gross incompetence.
I did...two years ago and disinvested my portfolio of the company.
Good. We need more investors like that.
Have your insurance premiums gone up or down, in the past year?
Has your deductible gone up or down, in the past year?
You will be a willing socialist....even though you don’t think it so.........
We need more “Gordon Gekkos” who are willing to “Liberate” these companies from these high-dollar CEOs.
ObummerCare was designed to enrich and fill the pockets of the HealthCare CEOs' ( crony capitalism).
They, too, got 'Gruberized", as the law enacting ObummerCare was changed immediately prior to the law being passed , and
as I recall , it was still being changed after the law was passed.
It is a case of "bait and switch" by government fiat, encouraged by that Nazi Pelousey who stated :
"You have to pass it , in order to find out what's in it. "
There ya go...let’s have a Hollywood solution to our healthcare problems.
There is still strong disagreement over whether health care in the U.S. should be a right, a privilege or a commodity. Yet proponents of all three systems should be able to agree that health insurance executives, whose primary responsibility is to their stockholders, not to those whose health they oversee, are draining badly needed resources away from health care. Executive compensation isn’t the only reason for the high cost of health care. Medical procedures and prescription drugs both cost far more in the United States than in the rest of the world. Malpractice costs and excessive testing (often to avoid malpractice problems) have also contributed to rising health care costs. Crafting a functional health care system will require finding effective solutions to all of these problems. Freeing up the hundreds of millions of dollars now going to health insurance executives would be a good start in that direction. ;)
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