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Another insurer leaves Obamacare....Lost $430 million


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In the latest blow to Obamacare, Aetna is vastly reducing its presence on the individual exchanges in 2017.

The insurer will stop offering policies on the exchanges in 11 of the 15 states where it currently operates, according to a press release it issued Monday evening. Aetna (AET) will only sell Obamacare products in Delaware, Iowa, Nebraska and Virginia.

Aetna said earlier this month that it was halting its exchange expansion plans for 2017 and reviewing its participation in President Obama's signature health reform program. The company noted Monday that it has lost $430 million in its individual policies unit since the exchanges opened in January 2014.

Aetna, which had 838,000 exchange customers at the end of June, said its policyholders are turning out to be sicker and costlier than expected. The company, along with its peers, has criticized the federal program designed to mitigate those risks.

"Providing affordable, high-quality health care options to consumers is not possible without a balanced risk pool," said Aetna CEO Mark Bertolini.

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Here are 10 great reasons to support the U.S. National Health Insurance Act: (single payer)

http://www.andreamiller.us/info/index.php?option=com_content&view=article&id=44&Itemid=77

1. Everybody In, Nobody Out. Universal means access to health care for everyone, period. Plus it is estimated to create 2.6 million new jobs!

2. Portability. If you are unemployed, or lose or change jobs, your health coverage stays with you.

3. Uniform Benefits. No Cadillac plans for the wealthy and Pinto plans for everyone else, with high deductibles, limited services, caps on payments for care, and no protection in the event of a catastrophe. One level of comprehensive care for everyone, regardless of the size of your wallet.

4. Prevention. By removing financial roadblocks, a universal health system encourages preventive care that lowers an individual's ultimate cost and pain and suffering when problems are neglected and societal cost in the over-utilization of emergency rooms or the spread of communicable diseases.

5. Choice. Most private insurance restricts your choice of providers and hospitals. Under the U.S. National Health Insurance Act, patients have a choice, and the provider is assured a fair payment.

6. No Interference with Care. Caregivers and patients regain their autonomy to decide what's best for a patient's health, not what's dictated by the billing department. No denial of coverage for pre-existing conditions or cancellation of policies for "unreported" minor health problems.

7. Reducing Waste. One third of every private health insurance dollar goes for paperwork and profits, compared to about 3% under Medicare, the federal government’s universal system for senior citizen healthcare.

8. Cost Savings. A guaranteed health care system can produce the cost savings needed to cover everyone, largely by using existing resources without the waste. Taiwan, shifting from a U.S. private health care model, adopted a similar system in 1995, boosting health coverage from 57% to 97% with little increase in overall health care spending.

9. Common Sense Budgeting. The public system sets fair reimbursements applied equally to all providers, private and public, while assuring that appropriate health care is delivered, and uses its clout to negotiate volume discounts for prescription drugs and medical equipment.

10. Public Oversight. The public sets the policies and administers the system, not high priced CEOs meeting in private and making decisions based on their company’s stock performance needs.

 

 

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The insurance company made billions .........

 

The 430 million is likely the bonus for the CEO....

 

Insurance giants do not lose money ...... never.

 

The insurance giant is lying.

If they made money, why would they drop out?

You don't really think about any of this shit, do you?

Maybe we can start bailing out the insurers next...

 

A/la Obama....

Already doing it. Even though Rubio passed a provision making it illegal.

Obama doesn't care about the law because no one will stop him.

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Here are 10 great reasons to support the U.S. National Health Insurance Act: (single payer)

http://www.andreamiller.us/info/index.php?option=com_content&view=article&id=44&Itemid=77

 

1. Everybody In, Nobody Out. Universal means access to health care for everyone, period. Plus it is estimated to create 2.6 million new jobs!

 

2. Portability. If you are unemployed, or lose or change jobs, your health coverage stays with you.

 

3. Uniform Benefits. No Cadillac plans for the wealthy and Pinto plans for everyone else, with high deductibles, limited services, caps on payments for care, and no protection in the event of a catastrophe. One level of comprehensive care for everyone, regardless of the size of your wallet.

 

4. Prevention. By removing financial roadblocks, a universal health system encourages preventive care that lowers an individual's ultimate cost and pain and suffering when problems are neglected and societal cost in the over-utilization of emergency rooms or the spread of communicable diseases.

 

5. Choice. Most private insurance restricts your choice of providers and hospitals. Under the U.S. National Health Insurance Act, patients have a choice, and the provider is assured a fair payment.

 

6. No Interference with Care. Caregivers and patients regain their autonomy to decide what's best for a patient's health, not what's dictated by the billing department. No denial of coverage for pre-existing conditions or cancellation of policies for "unreported" minor health problems.

 

7. Reducing Waste. One third of every private health insurance dollar goes for paperwork and profits, compared to about 3% under Medicare, the federal government’s universal system for senior citizen healthcare.

 

8. Cost Savings. A guaranteed health care system can produce the cost savings needed to cover everyone, largely by using existing resources without the waste. Taiwan, shifting from a U.S. private health care model, adopted a similar system in 1995, boosting health coverage from 57% to 97% with little increase in overall health care spending.

 

9. Common Sense Budgeting. The public system sets fair reimbursements applied equally to all providers, private and public, while assuring that appropriate health care is delivered, and uses its clout to negotiate volume discounts for prescription drugs and medical equipment.

 

10. Public Oversight. The public sets the policies and administers the system, not high priced CEOs meeting in private and making decisions based on their company’s stock performance needs.

 

 

I'm amazed every time I see the sheer stupidity of liberal who believe this shit.

Merrill actually believes government healthcare is going to create "2.6 million jobs" and we are going to save money.

Who's going to pay for all these jobs Merrill?

 

The most amazing one, I believe is #6: No Interference with Care

The morons actually believe that government is going to pay for care, and not limit coverage, dispite every country in the world that has government healthcare restricting care and access more and more every year.

 

Do you idiots have to flunk an IQ test to be a liberal?

Yeah they're getting out because they're making too much money. Fucken moron

Stunning, isn't it?

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I'm amazed every time I see the sheer stupidity of liberal who believe this shit.

Merrill actually believes government healthcare is going to create "2.6 million jobs" and we are going to save money.

Who's going to pay for all these jobs Merrill?

 

The most amazing one, I believe is #6: No Interference with Care

The morons actually believe that government is going to pay for care, and not limit coverage, dispite every country in the world that has government healthcare restricting care and access more and more every year.

 

Do you idiots have to flunk an IQ test to be a liberal?

Stunning, isn't it?

+1

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I'm amazed every time I see the sheer stupidity of liberal who believe this shit.

Merrill actually believes government healthcare is going to create "2.6 million jobs" and we are going to save money.

Who's going to pay for all these jobs Merrill?

 

The most amazing one, I believe is #6: No Interference with Care

The morons actually believe that government is going to pay for care, and not limit coverage, dispite every country in the world that has government healthcare restricting care and access more and more every year.

 

Do you idiots have to flunk an IQ test to be a liberal?

Stunning, isn't it?

 

 

Here are 10 great reasons to support the U.S. National Health Insurance Act: (single payer)

http://www.andreamiller.us/info/index.php?option=com_content&view=article&id=44&Itemid=77

 

1. Everybody In, Nobody Out. Universal means access to health care for everyone, period. Plus it is estimated to create 2.6 million new jobs!

 

2. Portability. If you are unemployed, or lose or change jobs, your health coverage stays with you.

 

3. Uniform Benefits. No Cadillac plans for the wealthy and Pinto plans for everyone else, with high deductibles, limited services, caps on payments for care, and no protection in the event of a catastrophe. One level of comprehensive care for everyone, regardless of the size of your wallet.

 

4. Prevention. By removing financial roadblocks, a universal health system encourages preventive care that lowers an individual's ultimate cost and pain and suffering when problems are neglected and societal cost in the over-utilization of emergency rooms or the spread of communicable diseases.

 

5. Choice. Most private insurance restricts your choice of providers and hospitals. Under the U.S. National Health Insurance Act, patients have a choice, and the provider is assured a fair payment.

 

6. No Interference with Care. Caregivers and patients regain their autonomy to decide what's best for a patient's health, not what's dictated by the billing department. No denial of coverage for pre-existing conditions or cancellation of policies for "unreported" minor health problems.

 

7. Reducing Waste. One third of every private health insurance dollar goes for paperwork and profits, compared to about 3% under Medicare, the federal government’s universal system for senior citizen healthcare.

 

8. Cost Savings. A guaranteed health care system can produce the cost savings needed to cover everyone, largely by using existing resources without the waste. Taiwan, shifting from a U.S. private health care model, adopted a similar system in 1995, boosting health coverage from 57% to 97% with little increase in overall health care spending.

 

9. Common Sense Budgeting. The public system sets fair reimbursements applied equally to all providers, private and public, while assuring that appropriate health care is delivered, and uses its clout to negotiate volume discounts for prescription drugs and medical equipment.

 

10. Public Oversight. The public sets the policies and administers the system, not high priced CEOs meeting in private and making decisions based on their company’s stock performance needs.

 

 

 

All who do not understand should read this again. The largest fallacy among conservatives and health insurance profiteers is portraying very smart insurance coverage as government health care.

Of course it isn't "government health care". if conservatives want government healthcare they will need to enlist in the nations armed forces.

 

Medicare Single Payer Insurance is insurance. The health care industry remains a private industry.

 

The largest savings initially comes by way of a huge reduction in administrative paper work due to the fact that the insurance will be under one umbrella instead of a thousand or more. The initial

estimate of savings comes in at 30% which is impressive. Overall savings comes in at $400,000,000,000 a year.

 

Now I don't believe this exceptional coverage should be mandated. I do believe all who want to pay more money for medical insurance should always have that option..... go for it opt out!

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There are thousands of expensive insurance medical insurance operations in the USA. These high dollar operations do not provide health care they merely take your money aka "the middle man". What a scam!

 

 

Most of what does increase the cost of the most expensive medical insurance in the world has nothing to do with health care. But a whole lot to do with making and sharing profits such as:

 

• its bureaucracy run by the middleman

 

• profits

 

• high corporate salaries

 

• advertising

 

* over charges

 

• sales commissions

 

• Shareholders are the primary clients of for-profit insurance companies, not patients!

 

• Special interest campaign dollars

 

* Golden parachutes

 

* Politicians as shareholders:

http://www.washingtonpost.com/wp-dyn/content/article/2009/06/12/AR2009061204075.html

 

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All who do not understand should read this again. The largest fallacy among conservatives and health insurance profiteers is portraying very smart insurance coverage as government health care.

Of course it isn't "government health care". if conservatives want government healthcare they will need to enlist in the nations armed forces.

 

Medicare Single Payer Insurance is insurance. The health care industry remains a private industry.

 

The largest savings initially comes by way of a huge reduction in administrative paper work due to the fact that the insurance will be under one umbrella instead of a thousand or more. The initial

estimate of savings comes in at 30% which is impressive. Overall savings comes in at $400,000,000,000 a year.

 

Now I don't believe this exceptional coverage should be mandated. I do believe all who want to pay more money for medical insurance should always have that option..... go for it opt out!

Obamacare mandated coverages, mandated who would be covered, and mandated pricing. That's government healthcare.

Right now, insurance companies are losing their shirts, so what do liberals want? They want government to replace the insurance companies so the GOVERNMENT can lose money.

 

No. Really.

This is what passes as liberal logic.

 

 

Cool, so you're going to save $400 Billion a year. But you're going to increase costs by $3 Trillion.

Where you going to get the other $2.6 Trillion? I know math is hard for liberals, but you idiots need to wake up.

 

Here's a challenge for any liberal that thinks government is going to save us money by taking over healthcare:

Please name ONE time in History when government has saves us money, when they did ANYTHING.

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I'm not sure if you understand how insurance works...

I am. And I wonder how they're going to deal with going out of business when a national single payer system is enacted?

 

I knew when the law was first passed, two things were going to happen.

 

Millions of people that couldn't get coverage from private insurers or through expanded Medicaid benefits would.

 

That Congress wouldn't be able to take it away from them, because it was political suicide.

 

Now that it's the insurers that will start taking away coverage by not extending it, people are going to start demanding their representatives do something.

 

It will be political suicide for any Republican to tell their constituents, that's to bad, you'll just have to start going to the emergency room.

 

Wait until that first cancer patient that loses coverage and dies, makes the nightly news cycles.

 

I'll make you another promise. The private health insurance companies days are numbered.

 

All it will take now is for state legislatures to start changing hands, and Medicaid expansion being enacted, and once it reaches enough states, Congress is forced to enact single payer coverage for all, and employers start dropping their employees plans, as part of their benefit package, and those with children on family plans have no choice but enroll in a state sponsored Medicaid plan.

 

This way it is paid for through state taxes in the individual states, and the federal government subsidizes the states based upon total coverage, and average income by employees in that state. Which will come out being cheaper for families paying premiums out of their paychecks, and high deductibles for care, not to mention out of control prescription costs.

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