#1 Citing Losses, Aetna Withdraws from Most Obamacare Markets by Cincinnatus 16.08.2016 02:08

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In a major blow to Obamacare, one of America’s largest health insurers said it was pulling out of most of the markets in which it was participating, citing huge losses in the past quarter.

In a statement Monday, Aetna reported that it lost $200 million in the second quarter of 2016 in Obamacare marketplaces and as a result would participate next year in just four states: Delaware, Iowa, Nebraska and Virginia. This year, Aetna was offering health insurance plans in 15 states’ Obamacare markets, and its reduction mirrors moves by several other major health insurance providers in recent months.

“As a strong supporter of public exchanges as a means to meet the needs of the uninsured, we regret having to make this decision,” Aetna CEO Mark Bertolini said.

Some conservative critics of Obamacare, and even some liberal advocates who favored socialized medicine, predicted that private insurance companies would pull out from a costly “death spiral” — as more mandates and regulations kick in, as sicker patients sign up and as healthier patients figure it makes more financial sense not to buy expensive plans but pay the Obamacare law’s fines instead. With few private companies available, the government would then have to offer insurance directly — through the “public option.”



https://pjmedia.com/trending/2016/08/15/...macare-markets/

Someone on here, or someones, predicted long ago the long-term design of ObamaCare was purposefully to fail so that single payer could be forced on us as the needed "reform". It's beginning to look more and more like that is theplan.

#2 RE: Citing Losses, Aetna Withdraws from Most Obamacare Markets by Rufus T Firefly 16.08.2016 05:43

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Someone on here, or someones, predicted long ago the long-term design of ObamaCare was purposefully to fail so that single payer could be forced on us as the needed "reform". It's beginning to look more and more like that is theplan.



You're correct - the man-child told us so himself way back in 2007

#3 RE: Citing Losses, Aetna Withdraws from Most Obamacare Markets by algernonpj 16.08.2016 10:59

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Quote: Cincinnatus wrote in post #1

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Someone on here, or someones, predicted long ago the long-term design of ObamaCare was purposefully to fail so that single payer could be forced on us as the needed "reform". It's beginning to look more and more like that is the plan.


With the added benefit of transferring some of the wealth of the working class to global pharma and cronies who run ObamaCare programming.

#4 RE: Citing Losses, Aetna Withdraws from Most Obamacare Markets by april 16.08.2016 14:46

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Yep...the plan all along.

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