Posted on 05/03/2017 8:15:28 PM PDT by 2ndDivisionVet
Aetna (AET)'s CEO Mark Bertolini doesn't want to charge some people more for Obamacare — but he does want the government to step up and fund the program "appropriately."
Bertolini on Tuesday rejected a suggestion that Republican proposals to allow insurers to charge people with pre-existing health conditions more for Obamacare plans could prompt Aetna to return in force to individual plan marketplaces.
Instead, Bertolini said on CNBC's "Closing Bell," the federal government should guarantee financial support for insurers who participate in the program, which in turn could maintain and expand health coverage for many people.
Specifically, Bertolini said the government should fund programs that protect insurers financially when they have high-cost patients and that lower out-of-pocket health expenses for low-income customers.
"I don't think it's a matter of raising premiums on people with pre-existing conditions," said Bertolini, whose company went from selling Obamacare plans in 15 states last year to selling them in just four this year after citing big financial losses on individual health plans.
"I think people with pre-existing conditions, people under the age of 26, should get insurance. Anybody who applies should get insurance," he said....
(Excerpt) Read more at finance.yahoo.com ...
I think this guy wants to suck at the government teat as long as he can and when it crashes and goes to single payer he wants a government job.
If the govt funds it then cut out all insurance. Who needs middlemen?
If the govt funds it then cut out all insurance. Who needs middlemen?
Normalcy bias. I’m sure this guy dreams of managing single payer for Fedgov using old time insurance industry brands.
Give the guy a break, he only made $27 million last year.
He just wants more money, he knows the people can’t afford what the government is mandating they have.
RINO’s need to drop pre-existing conditions give people the freedom to buy insurance plans that don’t permit you to wait until the house is already burning down.
There is pretty much nothing the Government can do to balance the books under such a restriction because no matter how much you charge for access to your wallet the buyer will just spend 10 times more of your money.
While I don’t like what Aetna is saying here, I can tell you that the advent of Obamacare caused me to loose my Medicare Advantage plan because it was not “Obamacare compliant” ( as a guy 75 I really don’t need contaceptives and prenatial care). But Thanks to AMAC (the conservative answer to AARP), both my wife and I have very, very good Medicare Supplement Plan “F” insurance through Aetna at very good pricing. Since we enrolled, my wife has had open heart surgery and three back operations and we have not had to lay out a nickel. And premium increases have been miniscule.
Anyone here using AARP should drop them and get their insurance from AMAC!
Bookmark
“If the govt funds it then cut out all insurance. Who needs middlemen?”
That would make the Government an insurance agency and that would still not solve the problem until the Government starts dictating healthcare choices.
The basic idea of insurance is flawed if there are no limits.
It really doesn’t matter how much you charge a man for access to your wallet they can and will always find a way to spend 10 times more if you don’t effectively dictate how much they can spend.
RINO’s are trying to keep the democrats promises to pay for everyone but that’s not possible it never was and never will be. The only option they have is to return to personal responsibility, or to go down the authoritarian rout of government control of personal choices.(loss of freedom)
You can’t have both, and in reality you can’t have government control long term either. Thous who give up financial responsibility and freedom for Financial security with end up with nether.
I’m not sure if its crony-capitalism, or fascism.
My thoughts exactly.
Sounds fascist to me.
Obamacare was written by big insurance lobbyists. They simply want the same as the banks which is TBTF and TBTJ status as part of the government hand-picked corporate winners who get to socialize their losses and privatize their profits. Obamacare was meant to fail, destroy the private health system and have universal health care ushered in by Hillary, which is but another reason why the globalists were so unhappy with her losing.
What happens if you work for a company for years, paying for insurance, get sick then the company goes belly up or you get laid off? You are now scrambling to find new insurance with a pre-existing condition. I think that scenario plus people staying with jobs they don't like because they know what will happen if they try to switch jobs is more common than your scenario of the cheapskate waiting until the house is already burning down.
ALL TOGETHER NOW!
*Epic FACEPALM*
This is crony capitalism in action. All the guy has to do is fund his DC cronies and the capital will flow like water!
This is really fascism in its classic sense. Aetna’s own CEO isn’t shy about admitting that he wants his company to effectively become an agency of the U.S. government.
The solution to that problem is to completely sever the link between the employer and the medical insurance plans of the employees. Let the employees all be responsible for their own insurance, just as they are responsible for paying their own rent or mortgages, their own utility bills, their own car payments, their own taxes, their own phone bills, etc., etc, etc.
There’s a period where Insurance companies can’t deny you after you lose insurance. So as long as you pick up COBRA or a private policy or something within 60 or 90 days, this isn’t an issue.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.