- Joined
- Aug 28, 2008
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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.
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.
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.