- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
UnitedHealth pulls out of ACA exchanges, profit soars 35%
Posted on 4/18/17 at 8:54 am
Posted on 4/18/17 at 8:54 am
LINK
Surely this is just a coincidence.
quote:
UnitedHealth's first-quarter profit soared 35 percent as the nation's biggest health insurer slashed participation in Affordable Care Act exchanges but grew just about every other part of its business
quote:
Enrollment in Medicare Advantage plans and the state- and federally funded Medicaid coverage both swelled for UnitedHealth, which also continued to grow an Optum segment that sells several services outside the company's core health insurance.
Operating earnings from that insurance businesses climbed 15 percent to $2.1 billion, even though UnitedHealth's individual enrollment plunged as it withdrew from nearly all the Affordable Care Act's health insurance exchanges. The insurer pulls in most of its enrollment from group insurance coverage offered through employers.
Surely this is just a coincidence.
Posted on 4/18/17 at 8:59 am to bamarep
I said this a few months ago and got told I was an idiot, but I'm convinced that whoever helped write Obama care from the major insurers miscalculated the costs of providing the Obamacare plans. They're expensive to provide and there just were never the amount of healthy people needed to make it work.
Posted on 4/18/17 at 9:06 am to bamarep
Hopefully all insurance companies pull out of ACA.
Posted on 4/18/17 at 9:08 am to cokebottleag
quote:
I said this a few months ago and got told I was an idiot, but I'm convinced that whoever helped write Obama care from the major insurers miscalculated the costs of providing the Obamacare plans. They're expensive to provide and there just were never the amount of healthy people needed to make it work.
Those of us in the industry have been screaming this since day 1.
Posted on 4/18/17 at 9:11 am to bamarep
quote:
Surely this is just a coincidence.
It is. BamaAtl will be here soon to tell us
Posted on 4/18/17 at 9:12 am to bamarep
BamaSJW will arrive shortly to post outdated and flawed graphs showing the wonders of Obamacare and will berate you for thinking that premiums have increased as well.
Posted on 4/18/17 at 9:13 am to cokebottleag
quote:
I said this a few months ago and got told I was an idiot, but I'm convinced that whoever helped write Obama care from the major insurers miscalculated the costs of providing the Obamacare plans. They're expensive to provide and there just were never the amount of healthy people needed to make it work.
I think that they KNEW it was going to be very expensive and HOPED that it would force a Single Payer System (Governemnt Controlled) on everyone.
Posted on 4/18/17 at 9:16 am to cajuncarguy
quote:
I think that they KNEW it was going to be very expensive and HOPED that it would force a Single Payer System (Governemnt Controlled) on everyone.
BamaSJW is evidence of this.
"We must cover everyone and the State is the best to do that". Not a direct quote obviously but that's the gist of his socialist position on the matter.
It was absolutely designed to lead to single payer. I think they had initially hoped that it would work.
However, they knew that if it didn't you can't take entitlements away and not lose elections. It was a brilliant strategy and may still work. I hate that they forced a path to single payer upon us. It's infuriating that our leaders can frick us over like this on purpose.
Posted on 4/18/17 at 9:49 am to roadGator
They good to run up the rates on the payers, and now raking in the profits when they cut the bleeding exchanges. They get to skim the profits, now...who knew?
Posted on 4/18/17 at 9:59 am to CamdenTiger
quote:
They good to run up the rates on the payers, and now raking in the profits when they cut the bleeding exchanges. They get to skim the profits, now...who knew?
The danger insurances have is that a huge portion of us are learning to live with huge deductibles. When pre existing is dropped, there are a large number of healthy Americans that may no longer value expensive plans with little out of pocket costs.
Posted on 4/18/17 at 10:02 am to GumboPot
quote:
Hopefully all insurance companies pull out of ACA
If they want to go back into the insurance business they will.
Posted on 4/18/17 at 10:09 am to cokebottleag
quote:
I said this a few months ago and got told I was an idiot, but I'm convinced that whoever helped write Obama care from the major insurers miscalculated the costs of providing the Obamacare plans. They're expensive to provide and there just were never the amount of healthy people needed to make it work.
They didn't miscalculate...actuaries are great at math. They simply cooked the books by using only the most optimistic forecasts.
Posted on 4/18/17 at 10:12 am to cokebottleag
quote:
whoever helped write Obama care from the major insurers miscalculated the costs of providing the Obamacare plans. They're expensive to provide and there just were never the amount of healthy people needed to make it work.
They were relying on the bailouts. The entire process and ultimately law was a scam
Posted on 4/18/17 at 10:27 am to cokebottleag
quote:
miscalculated the costs of providing the Obamacare plans.
They did, because they assumed that Medicaid would be expanded nationwide and Republicans wouldn't commit to historic obstruction in limiting promised payments to insurers.
Had they known those things, then their estimates would have been more accurate.
Posted on 4/18/17 at 10:31 am to BamaAtl
Just face it hack.
The gig is up the word is out the ACA is shitty.
The muslim president lied about the law to get it passed, and now it is imploding. You take away all of the means by which it was falsely propped up and it got exposed.
The gig is up the word is out the ACA is shitty.
The muslim president lied about the law to get it passed, and now it is imploding. You take away all of the means by which it was falsely propped up and it got exposed.
Posted on 4/18/17 at 10:32 am to BamaAtl
quote:So they didn't take into account common sense measures?
They did, because they assumed that Medicaid would be expanded nationwide and Republicans wouldn't commit to historic obstruction in limiting promised payments to insurers.
Shitty job of analysis. I'd have fired any of my analysts who gave me projections that poor.
Posted on 4/18/17 at 10:33 am to RockyMtnTigerWDE
quote:
The gig is up the word is out the ACA is shitty.
The ACA is a success, and would be a huge success if Republicans would stop obstructing it at every turn.
This is not opinion, it is fact.
quote:
The muslim president
Oh, you're one of those today?
Posted on 4/18/17 at 10:33 am to BamaAtl
quote:
This is not opinion, it is fact.
lolz
Posted on 4/18/17 at 10:34 am to BamaAtl
quote:lol
Republicans wouldn't commit to historic obstruction in limiting promised payments to insurers.
Popular
Back to top
Follow TigerDroppings for LSU Football News