Aetna CEO Admits to WaPo - Obamacare is "in a death spiral"

[ShootSpeeders]

What a monstrous failure obamacare is. You can't let a semi-literate affirmative action baby overhaul a $2 trillion health care system

Aetna chief executive says Obamacare is in a ‘death spiral’

feb 15 2017 Aetna chief executive Mark Bertolini said Wednesday that the Affordable Care Act's exchanges — the marketplaces where consumers can buy individual health coverage under President Barack Obama's signature health-care law — are in a “death spiral.”

Bertolini's remarks at the Wall Street Journal's the Future of Healthcare event came a day after the official end of his company's proposed merger with the health insurer Humana — a divorce that will cost Aetna a $1 billion breakup fee. It also came a day after Humana announced that it would pull out of all of its remaining ACA exchanges for 2018, arguing that the risk pool was unbalanced because not enough healthy people were signing up for insurance compared with the number of sick people.

“That logic shows just how much the risk pool is deteriorating in the ACA and how poorly structured the funding mechanism and premium model is,” Bertolini said. “I think you will see a lot more withdrawals this year of plans.”

 

[Fenton Lum]

America; still trailing the rest of the advanced industrialized world in healthcare, with THE most expensive healthcare system on the planet. Both before and after HeritageFoundationCare.