Aetna CEO: Obamacare in a Death Spiral

[Weatherman2020]

We should chain the corpse to every Democrat who passed it by making it law they must comply with it instead of the exemption they granted themselves because they knew it was such a cluster.


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 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 breakup 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 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 to 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.”
Aetna chief executive says Obamacare is in a ‘death spiral’

 

[TheOldSchool]

Get in Touch with The White House

 

[Weatherman2020]

Get in Touch with The White House

I will be there when the chain is attached to the Democrats who passed it.

 

[TheOldSchool]

Get in Touch with The White House

I will be there when the chain is attached to the Democrats who passed it.

Repeal and replace. You have the numbers. Hurry along now.

 

[Weatherman2020]

Get in Touch with The White House

I will be there when the chain is attached to the Democrats who passed it.

Repeal and replace. You have the numbers. Hurry along now.

Nope. Going to keep Obamacare on the books just for Democrats who passed it.

 

[Fenton Lum]

Gee, an insurance corporate CEO thinks so huh.

 

[iamwhatiseem]

Gee, an insurance corporate CEO thinks so huh.

Your point?

 

[Weatherman2020]

Gee, an insurance corporate CEO thinks so huh.

Make the big trip to the 7-11 yet?

 

[boedicca]

Get in Touch with The White House

I will be there when the chain is attached to the Democrats who passed it.

Repeal and replace. You have the numbers. Hurry along now.

No, just let it crash and burn. Then, give vouchers to the truly poor to purchase insurance on their own in whatever insurance programs their states allow.

 

[iamwhatiseem]

No, just let it crash and burn. Then, give vouchers to the truly poor to purchase insurance on their own in whatever insurance programs their states allow.

Define "truly poor"...and what do you do about the millions of employed middle class people who lost their insurance from their employer and had no choice but to take ACA?

 

[OnePercenter]

Bitter words from the guy who's antitrust merger failed. If Aetna didn't piss-away $1.8B on a merger that had zero percent chance, Aetna would have the money (which they have) to provide healthcare on the exchange.

 

[boedicca]

No, just let it crash and burn. Then, give vouchers to the truly poor to purchase insurance on their own in whatever insurance programs their states allow.

Define "truly poor"...and what do you do about the millions of employed middle class people who lost their insurance from their employer and had no choice but to take ACA?

Easy Peasy Lemon Squeezy.

Have the ACA regulatory bureaucracy redefine acceptable insurance to be whatever the individual wishes to purchase in the private market. States can set their own standards. The reason people lost insurance was because the ACA mandated that plans cover a huge variety of things that many people neither need nor want. Getting rid of a one size fits all approach and getting out of the way of private insurance companies designing their own product offerings would address the needs of those individuals very quickly.

 

[OnePercenter]

No, just let it crash and burn. Then, give vouchers to the truly poor to purchase insurance on their own in whatever insurance programs their states allow.

Define "truly poor"...and what do you do about the millions of employed middle class people who lost their insurance from their employer and had no choice but to take ACA?

Easy Peasy Lemon Squeezy.

Have the ACA regulatory bureaucracy redefine acceptable insurance to be whatever the individual wishes to purchase in the private market. States can set their own standards. The reason people lost insurance was because the ACA mandated that plans cover a huge variety of things that many people neither need nor want. Getting rid of a one size fits all approach and getting out of the way of private insurance companies designing their own product offerings would address the needs of those individuals very quickly.

Please.....The reason people 'lost' insurance and 'lost' their Doctor was healthcare insurance providers.

Every negative to ACA was caused by healthcare insurance providers.

 

[iamwhatiseem]

No, just let it crash and burn. Then, give vouchers to the truly poor to purchase insurance on their own in whatever insurance programs their states allow.

Define "truly poor"...and what do you do about the millions of employed middle class people who lost their insurance from their employer and had no choice but to take ACA?

Easy Peasy Lemon Squeezy.

Have the ACA regulatory bureaucracy redefine acceptable insurance to be whatever the individual wishes to purchase in the private market. States can set their own standards. The reason people lost insurance was because the ACA mandated that plans cover a huge variety of things that many people neither need nor want. Getting rid of a one size fits all approach and getting out of the way of private insurance companies designing their own product offerings would address the needs of those individuals very quickly.

I can agree with that.
As well as in many states ACA is basically catastrophic care only, but cost 5 times as much.
States know what they need, what Indiana needs is very, very different than what Florida needs etc.

 

[boedicca]

No, just let it crash and burn. Then, give vouchers to the truly poor to purchase insurance on their own in whatever insurance programs their states allow.

Define "truly poor"...and what do you do about the millions of employed middle class people who lost their insurance from their employer and had no choice but to take ACA?

Easy Peasy Lemon Squeezy.

Have the ACA regulatory bureaucracy redefine acceptable insurance to be whatever the individual wishes to purchase in the private market. States can set their own standards. The reason people lost insurance was because the ACA mandated that plans cover a huge variety of things that many people neither need nor want. Getting rid of a one size fits all approach and getting out of the way of private insurance companies designing their own product offerings would address the needs of those individuals very quickly.

Please.....The reason people 'lost' insurance and 'lost' their Doctor was healthcare insurance providers.

Every negative to ACA was caused by healthcare insurance providers.

Puh-leeeze. The reason people lost their insurance that they liked and their doctors that they liked was because the ACA made their plans illegal.

 

[iamwhatiseem]

Please.....The reason people 'lost' insurance and 'lost' their Doctor was healthcare insurance providers.

Every negative to ACA was caused by healthcare insurance providers.

...which was caused by the passing of ACA!!!
Wake up. As President Clinton said "thinking that you could add 25,000,000 people into the system who do not contribute to that system is crazy".

 

[OnePercenter]

No, just let it crash and burn. Then, give vouchers to the truly poor to purchase insurance on their own in whatever insurance programs their states allow.

Define "truly poor"...and what do you do about the millions of employed middle class people who lost their insurance from their employer and had no choice but to take ACA?

Easy Peasy Lemon Squeezy.

Have the ACA regulatory bureaucracy redefine acceptable insurance to be whatever the individual wishes to purchase in the private market. States can set their own standards. The reason people lost insurance was because the ACA mandated that plans cover a huge variety of things that many people neither need nor want. Getting rid of a one size fits all approach and getting out of the way of private insurance companies designing their own product offerings would address the needs of those individuals very quickly.

Please.....The reason people 'lost' insurance and 'lost' their Doctor was healthcare insurance providers.

Every negative to ACA was caused by healthcare insurance providers.

Puh-leeeze. The reason people lost their insurance that they liked and their doctors that they liked was because the ACA made their plans illegal.

The insurance company attaches a rider to the policy to make it legal. Done. There IS NO requirement in ACA to rewrite policies.

 

[OnePercenter]

Please.....The reason people 'lost' insurance and 'lost' their Doctor was healthcare insurance providers.

Every negative to ACA was caused by healthcare insurance providers.

...which was caused by the passing of ACA!!!
Wake up. As President Clinton said "thinking that you could add 25,000,000 people into the system who do not contribute to that system is crazy".

Clinton said that when?

 

[TheOldSchool]

Get in Touch with The White House

I will be there when the chain is attached to the Democrats who passed it.

Repeal and replace. You have the numbers. Hurry along now.

Nope. Going to keep Obamacare on the books just for Democrats who passed it.

Lol k good luck

 

[pwjohn]

We should chain the corpse to every Democrat who passed it by making it law they must comply with it instead of the exemption they granted themselves because they knew it was such a cluster.


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 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 breakup 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 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 to 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.”
Aetna chief executive says Obamacare is in a ‘death spiral’

Yeah and that's because trumps EO's pulled the rug out from under the ACA. You're probably to stupid to know that