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See Ya: Aetna To Completely Withdraw From Obamacare Markets Next Year
townhall.com ^ | 5/10/2017 | Matt Vespa

Posted on 05/11/2017 6:46:21 AM PDT by rktman

Guy has written extensively on the death spiral of Obamacare. From rising premiums, loss of insurance, and health care companies feeling the financial squeeze, President Obama’s health care overhaul is crumbling. In North Carolina, Blue Cross Blue Shield, which is the state’s largest insurer that offers Obamacare plans to all of its 100 counties, says the financial losses have been immense. CEO Brad Wilson told The News and Observer in February of 2016:

“In year one [2014], five percent of our ACA customers consumed $830 million in health care costs. That’s how much money went out of our door to pay for the heath care for the sickest five percent of the ACA population that we had; we collected $75 million in premiums–between what they could contribute and the government subsidy. Any way you cut it that’s an unsustainable business model.”

(Excerpt) Read more at townhall.com ...


TOPICS: Business/Economy; Government; Philosophy; US: North Carolina; US: Virginia
KEYWORDS: 911obiecare; aca; aetna; healthcare; medicalinsurance; obamacare
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And still the dementocrats tout obiecare as working just dandy. And the house cobbles some kinda garbage together that probably won't make it to any conclusion in the senate. Nice goin'. Glad to see all the across aisle cooperation.
1 posted on 05/11/2017 6:46:21 AM PDT by rktman
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To: rktman

That, and the RINOs keep trying to save it/tweak it/keep it under a different name.
As if changing the name makes it different.


2 posted on 05/11/2017 6:49:45 AM PDT by Darksheare (Those who support liberal "Republicans" summarily support every action by same.)
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To: rktman

Hold on there, Rocket. There’s one reason and one reason only Aetna lost so much money on ACA — TRUMP!


3 posted on 05/11/2017 6:50:13 AM PDT by ProtectOurFreedom
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To: rktman

TRUMP the ENABLER

People must feel the pain of their votes.
Do not enable the liberals by replacing Obamacare with more garbage. The victims will just blame you.


4 posted on 05/11/2017 6:52:03 AM PDT by TheNext (Just Build the Wall!)
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To: rktman
Also, Maryland announces rate increases.

FIFTY PERCENT increase. 50!

Trump needs to tweet Maryland Senators and especially the vile Stenny Hoyer and ask if they're still on board with Obamacare for Marylanders.

5 posted on 05/11/2017 6:53:11 AM PDT by TontoKowalski (You can call me "Dick.")
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To: TheNext

This bill will change in the Senate and change again in conference. Calling it garbage now is premature.


6 posted on 05/11/2017 6:58:44 AM PDT by Empireoftheatom48 (God did help the Republic, can we keep it.)
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To: rktman

Hopefully by next year there will be nothing left from which to withdraw!


7 posted on 05/11/2017 7:02:21 AM PDT by JimRed ( TERM LIMITS, NOW! Building the Wall! TRUTH is the new HATE SPEECH.)
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To: Empireoftheatom48

How about “pre” garbage?


8 posted on 05/11/2017 7:02:30 AM PDT by rktman (Enlisted in the Navy in '67 to protect folks rights to strip my rights. WTH?!)
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To: rktman

This guy makes it sound like businesses are there to make money, not create jobs and help people. /s


9 posted on 05/11/2017 7:03:46 AM PDT by bigbob (People say believe half of what you see son and none of what you hear - M. Gaye)
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To: rktman

I hope Obamacare will self-destruct, so that even RINOs will vote to repeal that terrible law and restore freedom.


10 posted on 05/11/2017 7:05:57 AM PDT by Pollster1 ("Governments derive their just powers from the consent of the governed")
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To: rktman

15million people in NC
75million in collected premiums
830million in paid claims mostly from 5%

15M people is like, Los Angeles County plus Rio Linda. I’m no math wizard but it seems like just about Everybody in NC (sorry guys, not personal) would have to be on their deathbeds to plow through 830M in one year. Y’all got a Janet Napolitano out there secreting money aside into some slush fund or what?


11 posted on 05/11/2017 7:07:02 AM PDT by blueplum ("...this moment is your moment: it belongs to you " President Donald J. Trump, Jan 20, 2017)
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To: rktman
In year one [2014], five percent of our ACA customers consumed $830 million in health care costs. That’s how much money went out of our door to pay for the heath care for the sickest five percent of the ACA population that we had

Let's see the evidence for that assertion. I'm not convinced a lot of that spending was needful.

12 posted on 05/11/2017 7:09:31 AM PDT by mewzilla (Was Obama surveilling John Roberts? Might explain a lot.)
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To: rktman

“In year one [2014], five percent of our ACA customers consumed $830 million in health care costs. That’s how much money went out of our door to pay for the heath care for the sickest five percent of the ACA population that we had; we collected $75 million in premiums–between what they could contribute and the government subsidy. Any way you cut it that’s an unsustainable business model.”

...

Obamacare was designed to fail and they know it.


13 posted on 05/11/2017 7:17:08 AM PDT by Moonman62 (Make America Great Again!)
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To: rktman

Aetna should be forced to remain in ACA for at least 5 more years ,,, they championed it knowing it would cripple the greater economy and their customers for what they thought would be their gain ... I want their head on a platter and will cheer when a smaller insurer takes their place.

Let the bastards that pushed O-Care on us die.


14 posted on 05/11/2017 7:20:49 AM PDT by Neidermeyer (Show me a peaceful Muslim and I will show you a heretic to the Koran.)
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To: rktman

And Trump hasn’t even written an EO yet to reverse Obama’s EO committing profits from Fannie Mae and Freddie Mac to the subsidies of Obamacare. THAT will effectively de-fund Obamacare, depending on the terms of the most recent legislation.


15 posted on 05/11/2017 7:28:44 AM PDT by RideForever
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To: Empireoftheatom48

Its all going to morph into single payer in the next couple of years.


16 posted on 05/11/2017 7:32:19 AM PDT by Georgia Girl 2 (The only purpose of a pistol is to fight your way back to the rifle you should never have dropped)
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To: All

Insurers are stupid.....they did not know the ONLY reason for ACA is b/c Marxist Obama figured insurance companies were making too much money....so concocted ACA to bring them down.


17 posted on 05/11/2017 7:33:28 AM PDT by Liz (Shutting down conservatives' free speech is a form of hate speech. samtheman)
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To: Georgia Girl 2

“Its all going to morph into single payer in the next couple of years.”

No matter who pays the bill, the bill has to be paid, so I don’t see the system morphing into single-payer as a solution. There needs to be some effective cost controls everyone involved in delivering H/C is getting way, way too big a cut of the pie. We have created a system that has extended our lives, and with that extension has come some really extraordinary costs. That’s the reality with which we are faced.


18 posted on 05/11/2017 7:39:01 AM PDT by vette6387
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To: vette6387

Prepare for disappointment. The reason the RINOs don’t have a replacement plan is because single payer is the replacement plan. Sadly the average American wants universal healthcare at this point and the GOP is all about the easy way out.


19 posted on 05/11/2017 7:43:22 AM PDT by Georgia Girl 2 (The only purpose of a pistol is to fight your way back to the rifle you should never have dropped)
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To: rktman
In year one [2014], five percent of our ACA customers consumed $830 million in health care costs

....wait for it....


UNEXPECTED!!!


20 posted on 05/11/2017 8:33:40 AM PDT by Buckeye McFrog
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