Perhaps the left has grounds to boycott Aetna insurance now that CEO Mark Bertolini (a nice Italian name) said Obama’s Affordable Care Act is, “in a death spiral.” The comments came during a video interview with the Wall Street Journal. However, investors were delighted by the forthright nature of Bertolini and set shares of $AET higher.
The last three years have been particularly good for Aetna. The company saw revenue growth go into hockey stick mode a few years into Obamacare’s enactment:
Earnings growth is not too shabby either. Perhaps it was all the money government spent running ads to target the young and healthy to fork what’s left of their meager incomes to pay into the insurance machine.
Elizabeth Warren seems to think so. Perhaps the senator thinks taxpayers should have foot the bill to run a super bowl ad showing how cool health insurance is:
When you shut down ads, fewer people sign up. Now Humana is pulling out of the exchanges. They don’t have enough healthy young ppl enrolled.
— Elizabeth Warren (@SenWarren) February 15, 2017
You really get a sense of what a sham this whole industry is when you realize it’s all about maximizing the amount of people paying for intangible piece of mind and never using it. Most “healthy young people” need catastrophic at most. The gamblers can wing it insurance free and keep their wits about them—while paying a fee for their insolence, of course.
Does this look like a company that has suffered from Obamacare?
Now they are ensuring they stay on the correct side of history. Their CEO is therefore a boss, and it looks like he’ll be leading his bastard company to another eight years of gratuitous profits on the backs of healthy young people.
BULLISH
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