It was easy to see from the start of Obamafuzzycare that the health insurance companies were committing suicide. They supported it based on the expectation they were going to get 30 million new customers. But they had to know that was a lie. So the promise had to be that they would get careers managing the gummints “single payer” “single scamming dumbass” system. When we see insurance companies kissing goodbye to customers 100 thosusand at a time it’s obvious they are on their way out of business on roller skates. Watch for the transition when they start getting hired to run pieces of Obama’s one-stop-shop. Just call ‘em BlueObama, AetnaObama, Kaiserobama, etc.
They've already been hired for it. The Medicare Advantage plans, which used to be reasonably priced supplemental plans paid for by the patient are now "free," because as it states in the brochure, the Federal Government now pays the insurance companies directly for managing them.
In exchange, however, patients get far less coverage because they have a large deductible, a huge "out of pocket" cost, and restricted access to doctors and hospitals. So this ultimately makes the whole thing cheaper for the insurance companies, plus giving them the guaranteed payments from the government.
The big firms now that is what is coming, and they are preparing accordingly.
bingo... ding ding ding we have a winner