This page has been archived and commenting is disabled.
The Beginning Of The End For The Affordable Care Act? Largest US Health Insurer May Exit ObamaCare
Tracking the slow motion trainwreck of Obamacare has become one of our preferred hobbies: below is just a random sample of headlines covering just the most recent tribulations of the "we have to pass it to find out what's in it" Unaffordable Care Act:
- In Latest Obamacare Fiasco, Most Low-Income Workers Can't Afford "Affordable Care Act"
- The Stunning "Explanation" An Insurance Company Just Used To Boost Health Premiums By 60%
- Your Health Insurance Premiums Are About To Go Through The Roof -The Stunning Reason Why
- Obama Promised Healthcare Premiums Would Fall $2,500 Per Family; They Have Climbed $4,865
- Largest Health Insurer On Colorado Exchange Abruptly Collapses
- Co-Op Insurers Across America Are Collapsing, And Now There Is Fraud
- "$19,000 Premiums, Up 4x Since Passage": The 'Crippling Effect' Of Obamacare On The Middle Class
- Meet The Family That Just Spent Half Its Annual Income Paying For Obamacare
But the most surprising article we wrote was our explanation from three weeks ago explaining why "Your Health Insurance Premiums Are About To Go Through The Roof" showing that even insurance companies have been unable to earn a profit under Obamacare, as shown in the following chart:
This was a stunning revelation because, after all, the Affordable Care Act was largely drafted by the insurance industry itself, and if for whatever reason, it itself was unable to capitalize on Obamacare, then it has truly been a disaster.
Today we got confirmation of this when none other than the U.S.’s biggest health insurer, UnitedHealth, cut its 2015 earnings forecast with a warning that it was considering pulling out of Obamacare, just one month after saying it would expand its presence in the program.
According to Bloomberg, "UnitedHealth Group would scale back marketing efforts for plans it’s selling this year under the Affordable Care Act, and may quit the business entirely in 2017 because it has proven to be more costly than expected."
This was precisely what we cautioned on November 2.
Fast forward to today when UnitedHealth said in a statement that "the company is evaluating the viability of the insurance exchange product segment and will determine during the first half of 2016 to what extent it can continue to serve the public exchange markets in 2017."
Needless to say, the implications for Obamacare - which has seen a surge in tangential problems in recent months - are dire: "A pull-back would deal a significant blow to President Barack Obama’s signature domestic policy achievement. While UnitedHealth has been slower than some of its rivals to sell Obamacare policies since new government-run marketplaces for the plans opened in late 2013, the announcement may indicate that other insurers are struggling, said Sheryl Skolnick, an analyst at Mizuho Securities.
“If one of the largest and presumably, by reputation and experience, the most sophisticated of the health plans out there can’t make money on the exchanges, then one has to question whether the exchange as an institution is a viable enterprise,” Skolnick said.
UnitedHealth further said it suspended marketing its individual exchange plans and is cutting or eliminating commissions for brokers who sell the coverage.
What is surprising is that for UnitedHealth, its Obamacare-facing exposure is relatively limited: the company covers fewer than 550,000 people on the Obamacare exchanges. About 9.9 million people had insurance through the U.S.- and state-run insurance markets as of June 30. This means that all other insurance companies must be getting crushed, something which the market also noticed earlier today hitting the stocks of not only hospitals, such as CYH, HCA, LPNT, THC and UHS but also home health care providers as well such as AFAM, AMED, GTIV and LHCG.
What is perhaps even more perplexing is the abrupt shift in posture: just last month, UnitedHealth had struck a more optimistic note. I think we’ll see strikingly better performance on the insurance exchange business” next year, Chief Financial Officer David Wichmann told analysts on an Oct. 15 conference call."
Perhaps he had not seen the P&L? Oh well, he certainly did in the subsequently 4 weeks.
The rest of the story is well-known and has been covered here extensively in the past: the inability of businesses to turn a profit from Obamacare has meant that about a dozen non-profit “co-op” plans created under the Affordable Care Act have failed, after charging too little to cover the cost of patients’ medical care, and because an Obama administration fund designed to stabilize the market paid out just 12.6 percent of what insurers requested. And Anthem last month said some rivals were offering premiums too low to provide the coverage patients require and book a profit.
At the end of the day, the worst news is not for the corporations, since Obamacare is not going away any time soon. It simply means that what until now were supposedly Affordable plans under Obamacare, will soon become (even more) Unaffordable as insurer after insurer hikes premiums dramatically in order to make the biggest US governmental intrusion into the private sector in recent decades profitable to shareholders.
Or, as we explained three weeks ago, "Your Health Insurance Premiums Are About To Go Through The Roof"
»
- 1510 reads
- Printer-friendly version
- Send to friend
- advertisements -
The mis-named "Affordable Care Act" was his finest minute.
"You have to pass it to find out what's in it"
No I didn't - Shit Sandwiches ALWAYS have the same primary ingredient.
I'm waiting for that $2500.00 reduction in cost Bathhouse talked about. I'm sure it will be in next years notice
Hold on, these bastards wrote the ACA! It still wasn't good enough for them?!?
they had to pass it to find out what as in it. They didn't write the whole thing, just the part they wanted.
Blue Cross thought they could cancel my insurance, double my premium & deductible, and deny charges. I joined a "legal" sharing ministry instead. May they go under with their dear leader.
.Gov is going to have to print more fiat anyway, might as well be fiat that pays our healthcare for Americans! I mean, it could pay for more bombs, tanks, and guns, amirite?
So where will "GDP" come from now?
Unicorn piss and pixie dust? Maybe QE and NIRP?
Yellen?
YELLEN??
"with a warning that it was considering pulling out of Obamacare"
The part those insurance companies made damn sure to get into the bill, seems to be the fact that they can pull out of Obamacare.
How many US institutions and traditions have to fold before we do our job and fold Obama?
We folded in 2008. One Big Ass Mistake America. And we are still paying for it.
True. But McLame would not have been any better - or different, really.
You can't make this up!
Simple solution a new payroll tax at 50% to cover obamacare, muslim immigration, expanded welfare. This way the earner wont even miss the money since its taken before they get their check...
If you like your country's economic implosion, you can keep your country's economic implosion.
The ACA otherwise known as Obamacare was meant to fail. It was plan and coordianted to do so and to mess up the health care system so much that "the only way out" will be to convert to one single payer system completely socialized and run by the government. THAT WAS THE PLAN ALL ALONG!
They should know that you can't get blood from a turnip - what a bunch of JV vampires, they need to study under Goldman Sachs....
I'm glad I'm not in my 20's.
"Health" care (HC):
~20% of GDP.
$10,000 per capita.
$26,000 per household.
Equivalent to:
50% of public and private wages and salaries.
100% of federal gov't spending.
200% of after-tax profits.
50-67% to 84% of HC spending is on the sickest 5-10% to 25% of people, most of whom are age past age 45-50 and experiencing chronic conditions associated with smoking, alcohol abuse, appallingly unhealthy diets, and lack of exercise.
HC spending could be cut by at least 50% were there to be a two-tier system with single payer and gov't rationing for the sickest and elderly past age 65, and the healthiest 75-90% paying very low premia and out-of-pocket costs.
For-profit dis-ease care insurance is bankrupting the country, and the gov't is enabling the extortionist flows for the HC and insurance cartel.
Disrupt those f&$kers out of business and out of existence.
But wouldn't the tax-payer end up paying for the 'gov't rationing' as well as their own low premiums ?
At one point we had a pre-existing condition in the family. The only insurance we could get was some sort of government coverage - which was very afordable. I don't understand why they stopped that.
What happened to the 45-50 age group. You jumped from there to 65.
I take it your younger than 45....
No problem, Feds will just subsidize the insurers directly.
These policies should really be exactly one line long: "you pay everything until the out of pocket limit, have a nice day". And then the insurance company pays, if they feel like it.
Obamacare really is a bad idea on top of being a fraud. Free base healthcare, plus optional coverage for those who can pay, is basically the Medicare structure and yes will be extended to all eventually. The ironic thing is Obamacare was written with a lot of putatively conservative, Republican think tank ideas, just very very badly. Turns out a lot of those ideas were wrong anyway.
Fuck Barry and his Hoochiemama .... low-life black scunbags
Ain't community organizing grand!
If you like your tyranny, you can keep your tyranny.
And as usual no one has read the act in full, it is designed to fail and has already eliminated 3000 insurance providers from the market, the last 5 big ones are also set up to fail. The act itself specifies a goal of going to a single payer system in the early 2020's. It also has a lot of other nasty crap in it you would not believe if your over 55 and poor you are screwed don't expect any meaningful health care.
What really pisses me off was when the Congressional Budjet office said that this would not cost money....they are the big failures in all of this...they lied big time....and it should come out of their pensions and salarys....
Makes me want to cling to my guns and religion.
"...the U.S.’s biggest health insurer, UnitedHealth, cut its 2015 earnings forecast with a warning that it was considering pulling out of Obamacare,..."
The same TBTF trick the banks pulled in 2008. It's just a ploy to push congress into covering any "potential" reductions to their estimated bottom line profits.
The healthcare industry never lost one shekel in their lives. They're just afraid of lesser profits.
You don't say...just like pretty much all government sponsored programs and enterprises. THEY GO BROKE or continue to run in the red because the overlords in the DC write them checks from our taxes. Get out of the way Uncle Sam. Let the greatest capitalist country in history do what they do best. Free markets run better when the all knowing hand is not pulling the strings.
You don't say...just like pretty much all government sponsored programs and enterprises. THEY GO BROKE or continue to run in the red because the overlords in the DC write them checks from our taxes. Get out of the way Uncle Sam. Let the greatest capitalist country in history do what they do best. Free markets run better when the all knowing hand is not pulling the strings.
Premature. Most health care related companies are incompetent. The fact that one is failing to make money even in favorable cicumstances is to be expected. We will be taxed until this thing flies. No, it wont matter wether you select red or blue.
"Favorable circumstances?" The law made things worse for everyone. More claims and fewer healthy people paying in to the system is not favorable. The incompetent ones are the Grubers who believed this utopian plan would work and the government pols who passed it into law.
Obamacare could completely implode as it currently is yet Obama will stand in front of an audience and tell everyone how wonderful it is.
I can't think of the right word to describe the type of serial liar that Obama is.
The word is PATHOLOGICAL liar.
A Fucking Liar!
I usually just default to Shit Stain when I'm stumped.
....and now the punch line.
Here it is.
Ready?
The bail outs for insurance companies are BAKED INTO the CAKE!
Ayup...TAXPAYER FUNDED INSURANCE COMPANY BAIL OUTS! Because after all, ACA is a tax.
Too fucking funny.
Elizabeth Warrens daughter Amelia Warren Tyagi was the co-founder of the venture capital group that acquired United Healthcare. Let us all hope that United Healthcare goes out of Business and the Warrens lose millions of dollars they were not entitled to....
To Obama's half white side:
"F You Cracker!!!"
@cn13
"To Obama's half white side"
In the 2010 US Census Obama checked "BLACK" for his race, even though there was a "Mixed Race" category. That is how he has totally rejected his mother. One cannot blame him for that...
If a white person had checked a race that was not theirs they would be in prison. But non-whites get a big PASS from .gov
Best liberal solution. Pass a law doubling every workers salary. Add a new payroll tax at 50% to cover obamacare, muslim immigration love, and expanded welfare. No change in pay for the serfs as they will still net the same as before. You just doubled GDP and that is good right? You could also say that obamacare is free and everyone is covered.
You forgot to add the sarc comment. FIFY
The "hilarious" component of this abomination is the grim fact that health care is no more accessible than before.
Sure there are potentially millions of people that can now qualify for insurance that were previously too sick to be insurable - and that's a good thing.
But the Jedi mind trick in all of this was baiting people with the idea that "health insurance" was the same thing as actual "heath care."
And for ANYONE with a child or parent that gets ill its not.
Right when you are at worst and weakness you have to beg an insurer to get a cancer screening, special meds, or just an MRI.
Doctors are growing older shrinking their practices not taking new patients. In network specialists are hundreds of miles away, if you can even get an appointment in a timely manner.
Of course, this goes to the point (profit) of health insurance - DELAY care.
The idea of egregiously and surreptitiously profiting from the suffering of other human beings deserves a special place in Hell for those true believers.
Better yet the scum politicians, corporate hacks and hired gun lobbyists that destroyed this country should be forced onto an Obamacare Bronze Plan and run the gantlet themselves.
I'm pretty sure the gun lobbyists didn't destroy this country.
and who are the fools who expected more from this Community Organizer with no skills?
The 1965 Immigration Act killed America, the people had no idea.
Obamacare is yet ANOTHER wealth transfer from US, the White populace, to the people of color. At the same time .gov is, effectively, killing off the Golden Goose, i.e. White America. I tell you there is a METHOD to their MADNESS.
Deuteronomy 17:15
The king you appoint must be the man the Lord your God chooses, one of your own race; you must not let an alien, who is not of your blood, bear rule over you.
Bowl Cuts & Hate Facts:
The Comedy of Million Dollar Extreme
hilarious
Whatever the name of the bill or law; just put the antitheses to the name and you have what it ACTUALLY contains or is.
We live in a society where lying, the gateway to all other sin, is just fine. By what standard do we use to say it is not; there is none. That is the greatest problem that any society must come to grips with and when it doesn't, then you get cheating, stealing, murder and the like on a massive scale and we haven't even come close to the bottom...but we will get there as we are headed there at break-neck speed. Everyone driving there own Titanic.
Everything is the opposite of what we've been led to believe. War is peace, worthless fiat paper is money, government is there to help you, etc.
During the Bush administration, I coined the phrase, "trickle-down immorality."
I'd say Obama has taken it full retard.
Here are my solutions.
Don't make any money, or, at least make a little bit and don't report it, work for cash, stay poor on the books, get on the gravy train if that's your gig. It's not for everybody.
Get some land, or at the very least, move out to the sticks. Everything is cheaper and the people are a little more decent than in the cities (in some cases A LOT more decent).
Get a gun. I say this without sarcasm or satire, as I have never owned a gun, but feel that I must have one now (at least one) because potential threats are everywhere, but, primarily from government thugs (not just cops, but almost any government employee at any level) to muslim terrorists who we are inviting into our country.
If a man can't live free, then he has only a few choices: live on one's knees as a slave (95% or more of Americans) or stand and fight, and, if need be, die for your beliefs.
We need more fighters, more believers. Fewer politicians, much smaller government, much lower taxation.
I won't see any of you in the FEMA camp because I'll be dead from resistance.
My first ever dupe. Sorry.
Fuck You Barry the Ferry...
That's okay, House Speaker Paul Ryan will just call for Single Payer--just like Obama, Soros, and Jarrett, and Clinton, always intended.
One way to stop the military-industrial complex in the U.S. is to make it mandatory as well as integrate health insurance into the State and Federal Tax Codes.That way money is simply redirected to health insurance.Every person is covered,there's no deductible or any nonsense,just plain coverage for everyone.If some States are running tight then their might be a $20 -$50 per month fee.Really funny that Russia,China,Canada,Europe,even Cuba has this but not the U.S.Like I've said before,I like Americans,I just don't like the way their Government treats them.It's no wonder people go to Mexico and Cuba for treatment,their own Government and their politicians are nothing but a bunch of assholes.
Really? U r using Russia, China, Cuba Canada and Europe as helath care models? Have u ever tried to get care in those countries or continents? Get sick ANYWHERE over there, and buy a bullet and rent a gun....u r going to die
Just got out of our annual enrolment and my insurance went up 10.00 to 86.00 a month for a family of 5 with a 2000.00 deductible. Safe for another year :) fuck barry
Obamacare is a giant fuckup designed to get more people insured. It was never designed to provide better care at a better price. Only universal healthcare would do that. Obamacare made sure this would never happen.
Universal healthcare? Hahahahahaha
In Ontario, almost 50% of ALL Government revenue goes to healhtcare. You think healthcare is free? There's a 13% sales tax on all purchaces, top income tax rates over 50%, and even middle and low income tax rates are high. Gasoline is really "cheap" right now, at equivalent of a bit over $3US/gallon, and up to $4US/ gallon in more expensive areas.
As for the care itself, want an emergency/critical heart procedure? About 3 to 4 months. Until that time, you are sent home with instructions to not climb any stairs and stay calm. You could die any moment... (yes that actually happened to a relative) And the 3 months was WITH using our connections in hospitals becasue several family members are doctors.
Oh, and you are not allowed to pay to jump the que.
executive order for single payer in 3.2.1...
If I ever see Supreme Justice Roberts on the street, I'm gonna kick him in the nutz
Form an orderly queue.
1step....
Assuming Roberts has any!
Obama seems to be King Midas in reverse, everything he touches turns to shite.
Binge spender = Obama Family
A public service announcement for negro in chief:
Binge Spender; RA's Twelve Step Binge Spender Recovery Program
There are no profits because healthcare companies and drug manufacturers are raising rates faster than insurance companies can raise premiums.
Stay healthy people and the parasite starves to death..
While you spend all your time bitching about Obama, the healthcare insurance companies are raping your ass.
Give him another Nobel Peace Prize for this shit too
Obama can't even create a ponzi scheme. What a loser.
/LMFAO
Bullish Healthcare
Death is preferable to a prescription drug addicited life under Obummercare.
Heads up for Vets - the health industry scum must need more lab rats:
http://www.activistpost.com/2015/11/us-senate-passes-bill-approving-mand...
Most of you jackasses entirely miss the issue. ObozoCare was never about HealthCare. It was about Rewarding the Health Cabal (Docs + Hospitals + Insurers + Big Pharma). That's why the CABAL wrote the fucking legislation.
How fucking incompetent are they?
The PROBLEM? Well now, that is easy. This Cabal is the ONLY one going back to the Rockefeller and Ma Bell Days of Robber Baron Monopolists that has since been granted exemptions to what is basically US Commerce Code Section 15 - teh Sherman & Clayton AntiTrust Acts adn the Robinson-Patman Act.
Stop being stupid and demand teh Laws of this Nation be enforced and enforced equally.
Can't we just have a little fun firing off guilt complex posts too fucknobs responsible for this debacle?
/LOL
Hoping we can carpet bomb this administration without firing a shot. Rino and the Clinton Foundation taking in bribes in unlawful manners.
The Financial Action Task Force (FATF)
http://www.fraud-magazine.com/article.aspx?id=4294989481
Gee. I wonder what has changed in the past month, I mean other than the Speaker of the House.
Well, even there, same double-speak, different bucket.
Clusterfuck would be an understatement.
Everything is going as planned. Next step single payer. Fuckers.
Thought the Republicans would repeal this? They'll defend it with the whole US military, and NATO if need be.
God, I hope so. Medicaid for All.
Drugs are the number one expense for health care insurers. Thank the corrupt FDA and greedy Wall Street. It takes almost 6 years to get approval to make a drug, even one that's been around for 50 years. The process is the same for older drugs as it is for brand new drugs. Pharmaceutical companies can jack the price of any drug they are the sole manufacturer of without fear of any competition for at least six years. It's a scam that's about to blow up in their faces. They used to just bleed us slowly like leeches, now they're slitting our jugulars and they're going to kill the host!
The ACA is busting the bank because the public has to carry all the costs for the sickest patients.
Before the ACA there was a natural selection occurring where the sickest didn't get piled on care and they died off or just managed without.
Now providers have to pile on whatever the sickest want. It's anti-nature and survival of the sickest at everyone's expense. And anyone that complains will be instantly shamed as insensitive.
We need a single payer system, that puts very strict limits on overhead rates- they should be no higher than 3-5%
It is interesting that the only area in our health system where true capitalism is in play, is with optional procedures that are never insured. Take Lasik and related eye surgeries. Prices on these have plummeted over the year to levels that are truly cost competitive. Lasik has been advertised for as little as a few hundred dollars. Certain types of plastic surgery (e.g. boob jobs) also fall into this category. No insurance companies or govt. agencies interfering, so the price is a true reflection of the pricing that the market is willing to bear. It also doesn't hurt that there is no longer a need to pay a small army of people to process the insurance paperwork.
Obama knew he was lying to every American on Obamacare, as in so many other things.
Yesterday I heard a radio sound clip of Obama saying how extensive and sophisticated the vetting process currently is for his Syrian Allah Snackbar refugees.
It is time for all of congress to rise up and question his competence and mental fitness to continue as commander in chief.
Fucking hypocrites.
If you really had any balls you would be out in the streets getting firehosed and arrested tonight.
They were suffering. expecting to rake in $5 billion this year, they only cleared $3 billion
ONLY $3 billion? My heart bleeds....
If United is threatening to leave the market, DO SO. I'm not buying the spoiled brat's threat of, "We're taking our toys home and we're not playing with you anymore!!"
Kinda ironic my car insurance is more than my health insurance...but anyway sounds like single payer is cmin, any plans on how to fund it? in other words how is it gonna affect our wallets. ill give em 200.00 a month for my family and not complain if it works.
feel free to enlighten
Just got out of our annual enrolment and my insurance went up 10.00 to 86.00 a month for a family of 5 with a 2000.00 deductible. Safe for another year :)
Lewis Belding: I got 18 people in my hotel! Where are they gonna go?
The Stranger: Out.
What did johnathan gruber say? The American people are too stupid to understand our plans, but if we would've told them that they would be paying more in premiums to insure poor people they never would've voted for it!
Do I have this right? Oh and even though gruber admitted that he worked with the whitehouse on this and he was the architect of this monstrosity, but Barry Obuttfuck and Nazi Pelosi said that they never heard of the guy, make these people out to be the true lying ass scum sucking barrel of monkey nut traitors that they are.
Fuck you obama and every single one of you democrats in congress who voted for it and every single republican who got elected to stop this shit but betrayed the voters who believed you were actually going to live up to your word and do something about this.
I hope all of you did of some horrible form of cancer of the ass, balls, cuntry, lungs and brain that brings you the most deserving, excruciating pain possible so as to suffer for your lack of character, morality, honesty as human fucking beings.
Go perform a sex act with yourselves and die a horrible fucking death. If there is a god I hope he punishes you and all of your families for destroying all of our families for generations to come.
If it wasn't a crime id show Barry from Hawaii what it truly means to get fucked.. And I don't mean sexually.
Yes Gruber is a member of the CAP, Center for American Progess, the think tank that HHS uses to write policy, and Zeke Emanuel is over there too. Over the years plenty of United current and former executives are or have been members.
First of all does anyone read the United HC quarterly reports? If you do then you know that 2/3 of their revenue is from insurance policies and the other 1/3 is from VA money, software sales, data selling and a whole bunch more. They have over 350 subsidiaries and now have a huge pharmacy benefit management company since acquiring Catamaran and now own Med Express Urgent care centers. Also I believe the number is $132 billion in reserves so nobody's going broke over there. They had a big $10 Billion dollar bond sale for the Catamaran acquisition.
http://ducknetweb.blogspot.com/2015/05/optum-clinics-holdings-new-subsidiary.html
The Catamaran acquisition allowed United Healthcare to become the pharmacy benefit manager for all who have a Cigna policy, and you can't make this up.
http://ducknetweb.blogspot.com/2015/10/if-you-are-insured-by-cigna-guess-what.html
Maybe also of interest is the fact that the CEO of United is now on the board of Cargill, the evil twin brother of Monsanto, and James Welters, the VP and special assistant to the CEO at United is now the chair of Cargyle group. Don't forget the company owns 90% of the largest HMO in Brazil and those memberships have been shrinking. The HMO in Brazil also includes hospitals in that deal.
There's also the Optum Custodial Bank with billions on deposit of health savings accounts. The bank gives members a Mastercard to empty it out and does solicit those who reach the magic number of $2100 to put the money in mutual funds, and you can't make that up.
http://ducknetweb.blogspot.com/2015/10/united-healthcare-owns-bank-optum-bank.html
Don't forget Optum 360 which part of their Revenue Cycling outsource services they sell to hospitals and they come in and fire the existing folks employed by the hospitals and they get rehired for less or fewer benefits under the Optum 360 name.
http://ducknetweb.blogspot.com/2015/04/mayo-clinic-is-latest-to-outsource.html
I can go on and on as I have been covering their acquisitions and activities for the last 8 years on my blog and there's a lot more, as there's over 350 subsidiary companies.
The company did help write the ACA and they have had current and past employees as members of the CAP think tank, Center for American Progess and this all goes back to Hillary hiring Lois Quam who was a big executive at United and was a VP who did the whole AARP and Pacificare agreements and acquisitions. She's one of Hillary's right hand people and has been for years. She worked for Hillary at the State Department and held that position of Global Healthcare Head under the state department for a couple years until it was disbanded. Also at the CAP you can find Zeke Emanuel who loves Optum and of course Jonathon Gruber. Quam was a member of the CAP for quite some time.
Again if you want just search United Healthcare or Optum on my blog and you'll have tons to read about with over 8 years of posts. I wonder if this was some method today to some how do some stock manipulations too? You never know...is everyone going to buy the United Dip?
I live in the OC United manifesto to where they own the big doctors' groups as well, such as Monarch and more. It takes a long time but every day I have hits from folks now just discovering what happened a few years ago with both Monarch and Memorial Care doctors being run by United.
The goal here of this company I think is to become the single pay contractor in the US to include Medicare, and if you watched when Vermont took their vote, Optum was right there to ask for a contract if it were to pass and I would guess the same could happen in Colorado if their vote passes.
In this case corruption cannot sate corporate greed.
Few years ago I worked for an insurer in Washington state and while they were very active in lobbying the state government for various issues in the end they declined to participate in the state run exchange. The state insurance commissioner’s office was furious.
... but the company did a deep analysis and concluded they would be losing money.
Two years ago our family health insurance plan went from $388/mo. to over $1200/mo. with a $5,000 deductible. We decided not to pay the extortion money and signed up with Liberty Health Share for $400/mo. This program is one of five faith based cost sharing programs exempt from ACA penalties and we can go to any doctor of our choosing. My wife has been treated by a chiropractor and Naturopath and we have received over 50% reimbursement on her health care expenses. So far we are very satisfied with the program. Check it out at www.libertyhealthshare.org
It costs 20-25 dollars a day to feed a patient in Canada and the food is not that good.
picture of obama
is this like doggy shaming?
Single payer is the only way to make it work, but even then you need workers paying in, not 50 million on snap, or 1 in 8 men in their prime working years not working.
It's too bad that the Six Cocksuckers—and they are sucking Uncle Sam's cock as the Quid Pro Quo for monopolizing all media in just Six Ginormous Cocksucking Crony Capitalist Corporations—controlling the US Media won't give this story the emphasis that they'd give to a failed program SHRINKING the government.
To the Six Cocksucking Crony Capitalists, controlling the Crony Corporations, and to every single one of their cocksucking talking heads and other employees: FUCK OFF and DIE!
Hey!!! Shut the hell up. You don't need to be talkin shit about my stawks that mostly rely on the value of them six cocksuckers, dammit.
Dude, if you keep that crap up you are gonna mess everybody's shit up, and then we can't blame Obama for everything.
It's the perfect marriage: evil, criminal corporations and Muslim Jihadi Gangster Indonesian-citizen President Soetoro.
Oh, I almost forgot: and the Congress full of POSERs* and POSEDs**.
* POSERs—Pile Of Stinkin' Excrement Republicans
** POSEDs—Pile Of Stinkin' Excrement Democrats
Its the hosers you need to worry about.
Many people think that since Obamacare has been around for a while it is proof that the law works, but the fact is it will be several more years before its sustainability can be verified. One thing impossible to refute is the cost of healthcare insurance has soared for many Americans since it was enacted into law. Gone is the infamous promise Obama made on how the average family will save $2,500 a year on healthcare coverage, it has been supplanted by frustration about affordability.
What Washington may be underestimating is how many people drop coverage, regardless of the penalty because they simply cannot afford to buy what is being served, or worse for America quit their job and move onto the government roll. The article below titled, "Healthcare Is Still A Broken System" delves into why the system may collapse under the weight of soaring cost.
http://brucewilds.blogspot.com/2015/11/healthcare-is-still-broken-system.html
How is any of this a surprise? It is exactly what was expected by Obama and the Libs, the insurance companies eventually implode, people panic about an emotional issue like healthcare, and the government rides in with the full blown single payer to save the day which was the objective all along.