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Obamacare officially in Death Spiral- Humana bails out. Lol

posted 7 years ago by BioSlave
15 replies | jump to latest

https://www.google.com/amp/www.cnbc.com/amp/2017/02/15/humanas-exit-from-2018-obamacare-market-sets-states-and-insurers-scrambling.html?client=safari

"I think you will see a lot more withdrawals," said Aetna CEO Mark Bertolini, at a Wall Street Journal health care event, one day after Aetna and Humana agreed mutually to end their merger agreement.
"There isn't enough money in the ACA as it's structured, even with its fees and taxes, to support the population that needs to be served," he explained, adding that without government funding, similar to Medicare, to help insurers with the costs of covering patients with high medical bills, the exchange market will not work. "It is in a death spiral."

[–] Sally_Albright225 7 years ago

and my hospital has interpreters for the charity cases that don't speak ingles...

[–] [deleted] a year ago

I'm not sure I understand how this Obamacare works, but isn't it like the UK NHS? Don't you want relatively cheap or even free healthcare, instead of the exhorbitant bills you pay?

[–] NorrinRad (5008) a year ago

[–] AMJF (3385) an hour ago
I'm not sure I understand how this Obamacare works, but isn't it like the UK NHS? Don't you want relatively cheap or even free healthcare, instead of the exorbitant bills you pay?

That would be called Socialism and or a redistribution of wealth from those who have to those who have not,

There will be NONE of that going on in the USA.

[–] [deleted] a year ago

"There will be NONE of that going on in the USA."
Why?

[–] NorrinRad (5008) a year ago

[–] AMJF (3386) 4 minutes ago
"There will be NONE of that going on in the USA."
Why?

The willful ignorance of the few exceeds the beneficial results for the many.

Why? fear!

[–] hyperjet (633) a year ago

Obamacare was just a huge power grab. The working class's insurance premiums and deductibles skyrocketed when it was enacted. People who couldn't afford the insurance were fined over $600 a year. Nothing is free, or in this case cheap.