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Message
re: UnitedHealth pulls out of ACA exchanges, profit soars 35%
Posted on 4/18/17 at 8:59 am to bamarep
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.
8
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 9:13 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 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 10:37 am to cokebottleag
quote:
just were never the amount of healthy people needed to make it work.
Because we're wising up and realizing we can pay for our entire years medical cost with one months premium.
Being young and healthy is awesome.
This post was edited on 4/18/17 at 10:38 am
Posted on 4/18/17 at 10:54 am to cokebottleag
quote:
but I'm convinced that whoever helped write Obama care from the major insurers miscalculated the costs of providing the Obamacare plans.
Not exactly, Obama had them over a barrel, it was this or single payer.
Guess how many insurance companies will survive single payer in their current form? ZERO
Posted on 4/18/17 at 11:22 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.
Anyone who believed that Obamacare would work has fundamental misconceptions about the healthcare market and human behavior.
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