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UnitedHealth, the nation's biggest health insurer, will remain in public health insurance exchanges in only a handful of states next year after expanding to 34 this year.
CEO Stephen Hemsley told analysts Tuesday morning that the company cannot continue to broadly serve the market created by the Affordable Care Act's coverage expansion due in part 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. has estimated that it could lose as much as $475 million on its public exchange business this year. It has already decided to pull out of Arkansas, Georgia and Michigan in 2017.
News from The Associated Press
Just like Fidel Obama intended. Bankrupt the insurance industry, then give the United States government control of 1/6th of the economy in perpetuity.
Fortunately, for those that can afford it, many doctors are leaving the system altogether and setting up exclusive private group practices. That's what we did, and it's working very well. My doctor serves about 100 families, and we all pay 5,000 per year. We get 24/7 access to him (and his network of specialists), and we all get to be free and clear of Obamacare.
we all knew from the start that obamacare wasn't about expanding health insurance.
Then you were just as wrong then as you are now.
Wait! What? The exchanges aren't working very well at all? Who'd have thunk it?
Wait! What? The exchanges aren't working very well at all? Who'd have thunk it?
everyone that had any lick of logic or commonsense.
News from The Associated Press
Just like Fidel Obama intended. Bankrupt the insurance industry, then give the United States government control of 1/6th of the economy in perpetuity.
Fortunately, for those that can afford it, many doctors are leaving the system altogether and setting up exclusive private group practices. That's what we did, and it's working very well. My doctor serves about 100 families, and we all pay 5,000 per year. We get 24/7 access to him (and his network of specialists), and we all get to be free and clear of Obamacare.
everyone that had any lick of logic or commonsense.
Just like Fidel Obama intended. Bankrupt the insurance industry, then give the United States government control of 1/6th of the economy in perpetuity.
Agreed, it's definitely time to panic about United going under.
UnitedHealth Ups 2016 Outlook After Surprisingly Strong 1Q
News from The Associated Press
Just like Fidel Obama intended. Bankrupt the insurance industry, then give the United States government control of 1/6th of the economy in perpetuity.
Fortunately, for those that can afford it, many doctors are leaving the system altogether and setting up exclusive private group practices. That's what we did, and it's working very well. My doctor serves about 100 families, and we all pay 5,000 per year. We get 24/7 access to him (and his network of specialists), and we all get to be free and clear of Obamacare.
Next stop: Single payer universal healthcare.
I don't sympathize with insurance companies whatsoever. They gladly took the free money early on, and now they're bailing.
This system needs fixing, but the government is the last agent on the planet that can fix anything.
I know that I totally didn't see this coming at all. It wasn't like it was obvious from the start that it was planned to fail or anything.
Not for me!
You guys can share the C-student doctors at the community clinic. I'm in a private share outside the system where the real doctors are flocking to.
Medical aristocracy.
Fine with me. There willl always be a market for premium private company services for those who can afford it. And those private health insurance companies will improve in quality knowing that if they piss you off sufficiently you'll always just throw up your hands and say "Screw it, I'm going with UHC."
The government could care less whether you live or die. In fact, they'd prefer you just go ahead and die.
This is about votes and redistribution of wealth. Nothing more. Healthcare is just a conduit.
None of your invective changes anything.
Nor does it make it less true.
It's just invective, nothing more.
Then what was "if you like your healthcare plan, you'll be able to keep your healthcare plan"?
Was that invective, too?
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