This is a significant blow to ACA aka Obamacare. The nation’s largest healthcare insurance company pulling out of your program has to mean something, no?
Believe me, I’m not one of those rich assholes who praise how awesome and amazing the America medical experience is and how we need to stay the course with high cost premiums and policies. I understand the value of a dollar. But I can tell you, with unequivocal confidence, Obamacare is a wanton failure and works for no one but the outright disheveled and homeless.
There is a systematic attack upon the middle to upper middle class, by the government, in this country. All of you Obama dicksuckers praising the virtues of $1,700 per mo family healthcare should perish in automobile accidents.
Obamacare is untenable in its present form.
UnitedHealth, the nation’s biggest health insurer, will cut its participation in public health insurance exchanges to only a handful of states next year after expanding to nearly three dozen for this year.
CEO Stephen Hemsley said Tuesday that the company expects losses from its exchange business to total more than $1 billion for this year and last. He added that the company cannot continue to broadly serve the market created by the Affordable Care Act’s coverage expansion due partly to the higher risk that comes with its customers.
The state-based exchanges are a key element behind the Affordable Care Act’s push to expand insurance coverage. But insurers have struggled with higher than expected claims from that business.
UnitedHealth Group Inc. said it now expects to lose $650 million this year on its exchange business, up from its previous projection for $525 million. The insurer lost $475 million in 2015, a spokesman said.
UNH is trading at an all time high today.
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