Mega-Health Insurer’s CEO Has ‘Serious Concerns’ About Obamacare Posted By Ali Meyer On February 2, 2016 @ 10:17 am In Issues | No Comments The CEO of the country’s third-largest health insurer said he had “serious concerns” about the sustainability of

[rangerrebew]

 Mega-Health Insurer’s CEO Has ‘Serious Concerns’ About Obamacare
Posted By Ali Meyer On February 2, 2016 @ 10:17 am In Issues | No Comments

The CEO of the country’s third-largest health insurer said he had “serious concerns” about the sustainability of Obamacare, the Hill reported.

“We continue to have concerns about the sustainability of the public exchanges,” said Mark Bertolini, CEO of Aetna Inc. “We remain concerned about the overall stability of the risk pool.”

Aetna Inc. isn’t the only company expressing concerns with the Obamacare exchanges as Humana and the country’s largest health insurer, UnitedHealth have indicated they have falling profits and may exit the exchanges altogether.

UnitedHealth reported $425 million in losses and Humana said that it doesn’t expect to make enough profits to cover its claims.

“Many insurers, including Aetna, have been losing money on the Obamacare marketplaces, also known as the exchanges, in part because of a sicker and more costly mix of enrollees, known as the ‘risk pool,’” according to the Hill.

“Insurers are seen as having set their premiums too low when the Obamacare marketplaces began in 2014, and sicker-than-expected enrollees are forcing them to raise premiums in order to compensate.”

Article printed from Washington Free Beacon: http://freebeacon.com

URL to article: http://freebeacon.com/issues/mega-health-insurers-ceo-has-serious-concerns-about-obamacare/
Posted By Ali Meyer On February 2, 2016 @ 10:17 am In Issues | No Comments

The CEO of the country’s third-largest health insurer said he had “serious concerns” about the sustainability of Obamacare, the Hill reported.

“We continue to have concerns about the sustainability of the public exchanges,” said Mark Bertolini, CEO of Aetna Inc. “We remain concerned about the overall stability of the risk pool.”

Aetna Inc. isn’t the only company expressing concerns with the Obamacare exchanges as Humana and the country’s largest health insurer, UnitedHealth have indicated they have falling profits and may exit the exchanges altogether.

UnitedHealth reported $425 million in losses and Humana said that it doesn’t expect to make enough profits to cover its claims.

“Many insurers, including Aetna, have been losing money on the Obamacare marketplaces, also known as the exchanges, in part because of a sicker and more costly mix of enrollees, known as the ‘risk pool,’” according to the Hill.

“Insurers are seen as having set their premiums too low when the Obamacare marketplaces began in 2014, and sicker-than-expected enrollees are forcing them to raise premiums in order to compensate.”

Article printed from Washington Free Beacon: http://freebeacon.com

URL to article: http://freebeacon.com/issues/mega-health-insurers-ceo-has-serious-concerns-about-obamacare/

[Relic]

Translation:

We had serious concerns, but we were so busy trying to buddy up with Obama in an effort to screw the public that we accepted the short term gain over our eventual demise.

Now that it looks like health insurance companies really are going to get killed by all this, well, I thought I'd speak up.

[Scottftlc]

A socialist designs a market and the corporations that played along are now finding that they will lose their shirt.   

Darwin awards all around.  Unfortunately, the United States of America gets a Darwin Award too.  Our new national symbol: