Big insurance thought they would see profits from young healthy people being forced to buy insurance. What they got was a bunch a sickly old people who never would have been able to get into the insurance pool before.
In better times in this country big corporations who make stupid mistakes collapse and upstarts or competitors who made the right decisions buy the carcass at cut rates so they can increase their size and provide a better product to more people. In the age of crony capitalism and “too big to fail” that paradigm is dead and all we get is bloated corporations providing ever worsening service.
All those healthy young people with no jobs are either on their parents insurance or medicaid. Apparently we’re all smarter than this CEO
Yep. They thought they were going to get rich so they made a pact with the devil whose intention was to turn the healthcare industry into a government revenue making machine by screwing the people with high deductibles, denying their claims, and forcing them to pay a penaltyif they didn't sign up. What they didn't figure was that The People figured out their game plan.