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Author: Subject: Obamacare Death Spiral continues, Aetna dropping out

Peach Extraordinaire





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  posted on 5/12/2017 at 03:42 PM
Death Spiral: Aetna Exits Obamacare Exchanges Citing $700 Million in Losses
by Sean Moran - 11 May 2017

Health insurance giant Aetna said it will exit all Obamacare exchanges in 2018, citing significant losses.

The health insurance company announced it will withdraw from its two remaining exchanges in Delaware and Nebraska next year.

TJ Crawford, an Aetna spokesman, said, “Our individual commercial products lost nearly $700 million between 2014 and 2016, and are projected to lose more than $200 million in 2017 despite a significant reduction in membership.”

Crawford said that Obamacare’s structural issues “have led to co-op failures and carrier exits, and subsequent deterioration.”

Aetna announced earlier that would it would pull out its Iowa and Virginia exchanges as well.
Insurers, including Aetna, lost money on the Obamacare exchanges because not enough young people signed up for insurance on the public exchanges to offset the cost of older and sicker individuals.

Health and Human Services Secretary Tom Price said in a statement on Wednesday that Aetna’s move “adds to the mountain of evidence that Obamacare has failed the American people.
Repealing and replacing it with patient-centered solutions that stabilize the marketplace to bring down costs and increase choices is the only solution.”

The Obamacare exchanges are facing lower engagement. Humana announced it will be dropping out of the exchanges in 2018. Other major insurers such as Anthem and Cigna will soon decide their future participation in the Obamacare exchanges.

Aetna chief executive Mark Bertolini said that Obamacare is on a “death spiral.” Molina Healthcare suffered a significant loss on the federal exchanges and will be evaluating its future participation in the exchanges on a state by state basis for 2018.

Aetna will exit the Obamacare exchanges amidst an uncertain future for health care. The House passed a revised version of the American Health Care Act (AHCA), and now the Senate will take up health care reform. House Freedom Caucus chair Mark Meadows, who successfully brokered a deal with moderate Republicans on the House bill, will now work with Senate colleagues on a “grand compromise” for health care.

Republicans seek to use the news of Aetna’s withdrawal as a reason for repealing large sections of Obamacare, whereas Democrats argued that Republicans’ repeal efforts create uncertainty in the health insurance market, forcing insurers to exit the exchanges.

President Donald Trump, citing Aetna’s withdrawal from the Virginia exchanges, also says that Obamacare is in a “death spiral.”

http://www.breitbart.com/big-government/2017/05/11/death-spiral-aetna-exits -obamacare-exchanges-citing-700-million-in-losses/

Obamacare locked in death spiral
http://www.bradenton.com/opinion/letters-to-the-editor/article150230582.htm l

Obamacare is in a 'death spiral,' says Aetna CEO
http://money.cnn.com/2017/02/15/news/economy/aetna-obamacare-death-spiral/i ndex.html

ObamaCare in 'death spiral,' Aetna CEO says
http://www.foxnews.com/politics/2017/02/16/obamacare-in-death-spiral-aetna- ceo-says.html





 
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Maximum Peach



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  posted on 5/12/2017 at 04:31 PM
You are a gullible DUMMY http://www.msnbc.com/all-in/watch/the-death-spiral-lie-894498883905
https://apnews.com/f3f0d49f879e45cb8daacc6a8cda4b0b/ap-fact-check-despite-w oes-obamacare-not-death-spiral

[Edited on 5/12/2017 by pops42]

 

Ultimate Peach



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  posted on 5/12/2017 at 05:03 PM
Anyone who obsesses this much over one person is a complete lunatic. Muleman, get help, and get over Obama. You sound like a wacko.
 

A Peach Supreme



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  posted on 5/12/2017 at 05:28 PM


Hmmm, an insurance industry giant who wrote the book on the industry practices (1850 heritage) cant make Obamacare work and you want to believe MSNBC?

 

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Maximum Peach



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  posted on 5/12/2017 at 05:49 PM
quote:


Hmmm, an insurance industry giant who wrote the book on the industry practices (1850 heritage) cant make Obamacare work and you want to believe MSNBC?
As usual, you are making no sense??

 

Peach Extraordinaire



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  posted on 5/12/2017 at 07:10 PM
quote:
quote:


Hmmm, an insurance industry giant who wrote the book on the industry practices (1850 heritage) cant make Obamacare work and you want to believe MSNBC?
As usual, you are making no sense??


It is easy pops.
Obamacare is failing rapidly but you suckers bought into Obama's lies.

 

Maximum Peach



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  posted on 5/12/2017 at 08:03 PM
quote:
http://www.msnbc.com/all-in/watch/the-death-spiral-lie-894498883905

quote:
https://apnews.com/f3f0d49f879e45cb8daacc6a8cda4b0b/ap-fact-check-des pite-woes-obamacare-not-death-spiral


Chris Hays does a good job, I have his show on now. Seriously. Maybe we are getting literal on the death spiral definition and Aetna's motivations. OK. However, Hays admits that "Aetna had also been losing money in the new exchanges" while making the case they had other reasons to drop out.

Insurers hinted about dropping out of ACA exchanges in 2015 and started to do so in 2016. One could say that the Trump administration has further undermined whatever stability remained with the ACA. I think it is also fair to say that ACA faced major challenges in the exchanges if Clinton had won the Presidency.

The AP article has a quote in their FACTS section with words like "turmoil" and "unstable" as being appropriate description and it acknowledges a McConnell quote as being "true in part" about not lowering costs or increase choice.

If the attempt is to dispute the literal definition of death spiral, these links are ok. But are we actually going to argue if ACA was fine if left alone? While I don't think this was your attempt, if an effort was made to try and claim ACA is or was healthy and well, that is just not the case and I don't know if any source exists that could do so.

 

Universal Peach



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  posted on 5/13/2017 at 01:54 PM
Time for universal health care for every American citizen and let those who want additional coverage buy insurance if they so choose. Medicare for all and we all pay for it via raising Medicare withholding slightly. Make the rate progressive based on income (like income tax) and eliminate the cap so the very wealthy pay on their entire income like 99 % of the rest of us do.

Meanwhile, clamp down on billing fraud and add to the already existing cost controls inherent in the Medicare program. Specifically, cost controls on drugs and malpractice settlements.

Not perfect by any means but a reasonable starting point.

It's time we stopped the insurance industry from controlling such a huge segment of our economy.

 

Peach Extraordinaire



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  posted on 5/14/2017 at 03:14 PM
quote:
Time for universal health care for every American citizen and let those who want additional coverage buy insurance if they so choose. Medicare for all and we all pay for it via raising Medicare withholding slightly. Make the rate progressive based on income (like income tax) and eliminate the cap so the very wealthy pay on their entire income like 99 % of the rest of us do.

Meanwhile, clamp down on billing fraud and add to the already existing cost controls inherent in the Medicare program. Specifically, cost controls on drugs and malpractice settlements.

Not perfect by any means but a reasonable starting point.

It's time we stopped the insurance industry from controlling such a huge segment of our economy.

___________________________________________________________________________ ___

Under the failed Obamacare the government took control of1/6th of the economy and designed it to force your beloved single-payer government controlled healthcare system.

The People know better and reject poor coverage and deductible and premiums so expensive they cannot afford healthcare.



 

Zen Peach



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  posted on 5/14/2017 at 03:33 PM
Hmmmm.

Aetna seems to be making a decision based on what sounds like lost revenue.

At their current annual income of $60 billion, a $700 million loss represents a 1.16% loss in revenue.

Brutal.

 

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Peach Extraordinaire



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  posted on 5/14/2017 at 09:04 PM
quote:
Hmmmm.

Aetna seems to be making a decision based on what sounds like lost revenue.

At their current annual income of $60 billion, a $700 million loss represents a 1.16% loss in revenue.

Brutal.

___________________________________________________________________________ _____

Yes, Aetna is the last of the major health insurers to dump Obamacare.
Now, the majority of people suckered by Obama, Reid and Pelosi either have one insurer to pick or none.



 

World Class Peach



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  posted on 5/15/2017 at 07:17 AM
quote:
quote:
Time for universal health care for every American citizen and let those who want additional coverage buy insurance if they so choose. Medicare for all and we all pay for it via raising Medicare withholding slightly. Make the rate progressive based on income (like income tax) and eliminate the cap so the very wealthy pay on their entire income like 99 % of the rest of us do.

Meanwhile, clamp down on billing fraud and add to the already existing cost controls inherent in the Medicare program. Specifically, cost controls on drugs and malpractice settlements.

Not perfect by any means but a reasonable starting point.

It's time we stopped the insurance industry from controlling such a huge segment of our economy.

___________________________________________________________________________ ___

Under the failed Obamacare the government took control of1/6th of the economy and designed it to force your beloved single-payer government controlled healthcare system.

The People know better and reject poor coverage and deductible and premiums so expensive they cannot afford healthcare.





I very much agree with what Chain said above. I frequently opine that it costs X amount of dollars to insure our population. Uninsured/Obamacare/Republican Proposal/universal healthcare. The total cost is going to be the same. It is just a matter of whoays the bills (gov't/individuals/sick vs healthy)

 

Peach Extraordinaire



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  posted on 5/15/2017 at 09:34 AM
quote:
quote:
quote:
Time for universal health care for every American citizen and let those who want additional coverage buy insurance if they so choose. Medicare for all and we all pay for it via raising Medicare withholding slightly. Make the rate progressive based on income (like income tax) and eliminate the cap so the very wealthy pay on their entire income like 99 % of the rest of us do.

Meanwhile, clamp down on billing fraud and add to the already existing cost controls inherent in the Medicare program. Specifically, cost controls on drugs and malpractice settlements.

Not perfect by any means but a reasonable starting point.

It's time we stopped the insurance industry from controlling such a huge segment of our economy.

___________________________________________________________________________ ___

Under the failed Obamacare the government took control of1/6th of the economy and designed it to force your beloved single-payer government controlled healthcare system.

The People know better and reject poor coverage and deductible and premiums so expensive they cannot afford healthcare.





I very much agree with what Chain said above. I frequently opine that it costs X amount of dollars to insure our population. Uninsured/Obamacare/Republican Proposal/universal healthcare. The total cost is going to be the same. It is just a matter of whoays the bills (gov't/individuals/sick vs healthy)

___________________________________________________________________________ _____

I think the point is that the availability of and quality of care has been greatly reduced under Obamacare and the cost has soared for people who actually work for a living.
The working folk should not have to pay for those who are too lazy to work.



 

Ultimate Peach



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  posted on 5/15/2017 at 10:05 AM
quote:
I think the point is that the availability of and quality of care has been greatly reduced under Obamacare and the cost has soared for people who actually work for a living.
The working folk should not have to pay for those who are too lazy to work.


Wow, Mule, none of this is accurate. Bunch of rhetoric and nonsense that you've been duped into believing.

 

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Zen Peach



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  posted on 5/18/2017 at 01:25 PM

Since ultimately when the financial crash happens and/or the civil war, states will form blocks and there will be regional leaders for each block. The states should manage their health care costs themselves now because that is what they will be called to do later anyway.

It should not be the governments job to do this. The government cannot afford to provide no fee national health care to all citizens, so something else has to happen. Let the states take it on, those states that are badly mismanaged will go to hell and be unable to provide for their citizens. Then certain people will no longer be re-elected at the state levels and reforms can take place.

 

____________________
"Mankind is a single nation" "Allah did not make you a single people so he could try you in what he gave you, to him you will all return, he will inform you where you differed". Quran Chapter 2 Sura 213

 
 


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