Tuesday, August 16, 2016

More ObamaCare Disasters

Even the liberal media writing about ObamaCare, Obama's biggest failure among his many, many failures.
From CNN: In the latest blow to Obamacare, Aetna is vastly reducing its presence on the individual exchanges in 2017.
The insurer will stop offering policies on the exchanges in 11 of the 15 states where it currently operates, according to a press release it issued Monday evening. Aetna (AET) will only sell Obamacare products in Delaware, Iowa, Nebraska and Virginia.
 Aetna said earlier this month that it was halting its exchange expansion plans for 2017 and reviewing its participation in President Obama's signature health reform program. The company noted Monday that it has lost $430 million in its individual policies unit since the exchanges opened in January 2014.
Aetna, which had 838,000 exchange customers at the end of June, said its policyholders are turning out to be sicker and costlier than expected. The company, along with its peers, has criticized the federal program designed to mitigate those risks.
"Providing affordable, high-quality health care options to consumers is not possible without a balanced risk pool," said Aetna CEO Mark Bertolini.
The company will continue to offer individual policies outside of the Obamacare exchanges in the vast majority of markets where it now does business. Off-exchange products are not eligible for federal subsidies. ...
Some 11.1 million people are enrolled in Obamacare this year, according to the latest federal statistics.
UnitedHealthcare (UNH), the nation's largest insurer that is expecting to lose about $1 billion on Obamacare policies in 2015 and 2016, is exiting most Obamacare exchanges in 2017. Humana (HUM) announced last month that it was pulling out of nearly 1,200 counties in eight states next year. Afterward, it will only be selling insurance on the exchanges in 156 counties in 11 states. Others, including several Blue Cross Blue Shield companies, are also scaling back.
"It seems increasingly clear that big, national insurers are having trouble competing in the Obamacare marketplaces and making money," said Larry Levitt, senior vice president at the Kaiser Family Foundation. "Some insurers are still doing well, particularly those that historically served Medicaid beneficiaries."   http://money.cnn.com/2016/08/15/news/economy/aetna-obamacare/index.html?iid=hp-toplead-dom
Only 11,000,000 people are using ObamaCare and most of those people had previous health insurance plans.  Insurance has not gone down but still have skyrocketed because of all the regulations ObamaCare has put on the on insurance companies.
And just think Hillary wants to expand Obama/HillaryCare.
It just wants you to and throw up:
Image result for picture of man getting sick

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