3rd Largest Health Insurer Will Likely Pullout Of ACA

[TooTall]

I wonder if this means I'll get my $2,500 savings and the doctor I liked.


Aetna, the third-largest health insurer in the US, said Tuesday that it is reconsidering its offerings on the state exchanges that make up the back-bone of the Affordable Care Act (ACA).

In a conference call following the company’s earnings announcement, CEO Mark Bertolini said that the firm has halted its plans to expand into two new states’ exchanges in 2017 and is looking into the reasons for losses in the exchanges it is currently participating in.

Here’s Bertolini (emphasis ours):

“In light of the disappointing year to date performance and updated 2016 projections for our individual on and off exchange products, combined with the significant structural challenges facing the public exchanges, we believe it is only prudent to reassess our level of participation on the public exchanges. Our initial action will be to withdraw our 2017 public exchange expansion plans. Additionally, given the deadline to attest to our final rate filings for 2017, we are also undertaking a complete evaluation of our current exchange footprint as the poor performance of these products warrants such an analysis.”

Keep reading…

And have repubs offered to work with dems to fix whatever is ailing ACA.

It was passed without a single Republican vote and any and all amendments they offered were voted down by the Democrat controlled House.

 

[Dekster]

[

You keep an eye on that, then. I'm more puzzled by why Aetna's pulling out of two states that agreed to Medicaid expansion. Couldn't possibly be corporate greed...Sun Devil approves of that sort of thing. Watch him do his little victory dance every time a consumer-run co-op closes.

They were probably planning to offer similar policies to the ones they already offer and since they are losing money on them, they would just lose more. Medicaid type people is not the market they are insuring

The point is that states that opted for the Medicaid expansion made it easier for their insurers to attract middle-class customers and secure their bottom line. But those governors and state legislators that refused the Medicaid expansion in an attempt to scuttle the PPACA overburdened the market (at least if you listen to the sob stories from the insurers, despite the fact that their shareholder reports say otherwise).

Medicaid expansion is irrelevant. Low income workers are exempt from the penalties and therefore do not have to carry insurance. Further, to pay for those middle-aged middle class policies they needed young healthy people to sign up--the same people who either are exempted for the most part by their low incomes or covered by medicaid expansion. Medicaid expansion and exempting the poor people who supposedly were the reason the PPACA was created from the penalties disrupted the revenue streams needed to cover cost of 50 year old diabetics with heart and kidney failure.

 

[Moonglow]

I wonder if this means I'll get my $2,500 savings and the doctor I liked.


Aetna, the third-largest health insurer in the US, said Tuesday that it is reconsidering its offerings on the state exchanges that make up the back-bone of the Affordable Care Act (ACA).

In a conference call following the company’s earnings announcement, CEO Mark Bertolini said that the firm has halted its plans to expand into two new states’ exchanges in 2017 and is looking into the reasons for losses in the exchanges it is currently participating in.

Here’s Bertolini (emphasis ours):

“In light of the disappointing year to date performance and updated 2016 projections for our individual on and off exchange products, combined with the significant structural challenges facing the public exchanges, we believe it is only prudent to reassess our level of participation on the public exchanges. Our initial action will be to withdraw our 2017 public exchange expansion plans. Additionally, given the deadline to attest to our final rate filings for 2017, we are also undertaking a complete evaluation of our current exchange footprint as the poor performance of these products warrants such an analysis.”

Keep reading…

No mystery. New Jersey, Indiana: Christie, Pence.

Watch when the nations third largest insurer pulls out of ACA in every State.

There is no insurance exchange is Missouri, never has been..

 

[JakeStarkey]

Single-payer is inevitable.

 

[Arianrhod]

[

You keep an eye on that, then. I'm more puzzled by why Aetna's pulling out of two states that agreed to Medicaid expansion. Couldn't possibly be corporate greed...Sun Devil approves of that sort of thing. Watch him do his little victory dance every time a consumer-run co-op closes.

They were probably planning to offer similar policies to the ones they already offer and since they are losing money on them, they would just lose more. Medicaid type people is not the market they are insuring

The point is that states that opted for the Medicaid expansion made it easier for their insurers to attract middle-class customers and secure their bottom line. But those governors and state legislators that refused the Medicaid expansion in an attempt to scuttle the PPACA overburdened the market (at least if you listen to the sob stories from the insurers, despite the fact that their shareholder reports say otherwise).

Medicaid expansion is irrelevant. Low income workers are exempt from the penalties and therefore do not have to carry insurance. Further, to pay for those middle-aged middle class policies they needed young healthy people to sign up--the same people who either are exempted for the most part by their low incomes or covered by medicaid expansion. Medicaid expansion and exempting the poor people who supposedly were the reason the PPACA was created from the penalties disrupted the revenue streams needed to cover cost of 50 year old diabetics with heart and kidney failure.

If there is Medicaid expansion in their states. Here's what the map looked like a little over a year ago:

Here's what it looks like now:

A lot of state legislators gambled on the outcome of King v Burwell. Their constituents lost.

 

[Moonglow]

I wonder if this means I'll get my $2,500 savings and the doctor I liked.


Aetna, the third-largest health insurer in the US, said Tuesday that it is reconsidering its offerings on the state exchanges that make up the back-bone of the Affordable Care Act (ACA).

In a conference call following the company’s earnings announcement, CEO Mark Bertolini said that the firm has halted its plans to expand into two new states’ exchanges in 2017 and is looking into the reasons for losses in the exchanges it is currently participating in.

Here’s Bertolini (emphasis ours):

“In light of the disappointing year to date performance and updated 2016 projections for our individual on and off exchange products, combined with the significant structural challenges facing the public exchanges, we believe it is only prudent to reassess our level of participation on the public exchanges. Our initial action will be to withdraw our 2017 public exchange expansion plans. Additionally, given the deadline to attest to our final rate filings for 2017, we are also undertaking a complete evaluation of our current exchange footprint as the poor performance of these products warrants such an analysis.”

Keep reading…

And have repubs offered to work with dems to fix whatever is ailing ACA.

It was passed without a single Republican vote and any and all amendments they offered were voted down by the Democrat controlled House.

The ACA has been seemingly off Congress’ radar since the veto of Restoring Americans’ Healthcare Freedom Reconciliation Act of 2015, the last attempt to repeal the ACA; however, in recent weeks there have been a few developments. Rep. Pete Sessions, (R-TX) and Sen. Bill Cassidy, (R-LA), introduced H.R. 5284, the Health Empowerment Liberty Plan or the HELP Act, what they are terming an “alternative” health care bill which will not repeal the ACA, but work alongside it and modify various parts of the system. Congressman Sessions calls the legislation “The World’s Greatest Health Care Bill. Ever.” We shall see.

Speaker Ryan's promised replacement plan is "coming later this month" and in the meantime, "House Republicans are considering small-bore changes to ObamaCare," according to The Hill. On the Senate side, Majority Leader McConnell seeks to "steer Republicans away from fights on ObamaCare," in upcoming spending legislation.
Legislative Update: June 13, 2016

 

[Dekster]

[

You keep an eye on that, then. I'm more puzzled by why Aetna's pulling out of two states that agreed to Medicaid expansion. Couldn't possibly be corporate greed...Sun Devil approves of that sort of thing. Watch him do his little victory dance every time a consumer-run co-op closes.

They were probably planning to offer similar policies to the ones they already offer and since they are losing money on them, they would just lose more. Medicaid type people is not the market they are insuring

The point is that states that opted for the Medicaid expansion made it easier for their insurers to attract middle-class customers and secure their bottom line. But those governors and state legislators that refused the Medicaid expansion in an attempt to scuttle the PPACA overburdened the market (at least if you listen to the sob stories from the insurers, despite the fact that their shareholder reports say otherwise).

Medicaid expansion is irrelevant. Low income workers are exempt from the penalties and therefore do not have to carry insurance. Further, to pay for those middle-aged middle class policies they needed young healthy people to sign up--the same people who either are exempted for the most part by their low incomes or covered by medicaid expansion. Medicaid expansion and exempting the poor people who supposedly were the reason the PPACA was created from the penalties disrupted the revenue streams needed to cover cost of 50 year old diabetics with heart and kidney failure.

If there is Medicaid expansion in their states. Here's what the map looked like a little over a year ago:

Here's what it looks like now:

A lot of state legislators gambled on the outcome of King v Burwell. Their constituents lost.

I really don't know how to say it any plainer: EVEN IF THEY HAD EXPANDED MEDICAID, THAT WOULD NOT GIVE AETNA ONE MORE DIME TO COVER ITS $300M IN LOSSES.

 

[dblack]

I wonder if this means I'll get my $2,500 savings and the doctor I liked.


Aetna, the third-largest health insurer in the US, said Tuesday that it is reconsidering its offerings on the state exchanges that make up the back-bone of the Affordable Care Act (ACA).

In a conference call following the company’s earnings announcement, CEO Mark Bertolini said that the firm has halted its plans to expand into two new states’ exchanges in 2017 and is looking into the reasons for losses in the exchanges it is currently participating in.

Here’s Bertolini (emphasis ours):

“In light of the disappointing year to date performance and updated 2016 projections for our individual on and off exchange products, combined with the significant structural challenges facing the public exchanges, we believe it is only prudent to reassess our level of participation on the public exchanges. Our initial action will be to withdraw our 2017 public exchange expansion plans. Additionally, given the deadline to attest to our final rate filings for 2017, we are also undertaking a complete evaluation of our current exchange footprint as the poor performance of these products warrants such an analysis.”

Keep reading…

No mystery. New Jersey, Indiana: Christie, Pence.

ACA is a corporatist cocksucker's wet dream. That's what you're cheerleading for. Think about it.

 

[Arianrhod]

I wonder if this means I'll get my $2,500 savings and the doctor I liked.


Aetna, the third-largest health insurer in the US, said Tuesday that it is reconsidering its offerings on the state exchanges that make up the back-bone of the Affordable Care Act (ACA).

In a conference call following the company’s earnings announcement, CEO Mark Bertolini said that the firm has halted its plans to expand into two new states’ exchanges in 2017 and is looking into the reasons for losses in the exchanges it is currently participating in.

Here’s Bertolini (emphasis ours):

“In light of the disappointing year to date performance and updated 2016 projections for our individual on and off exchange products, combined with the significant structural challenges facing the public exchanges, we believe it is only prudent to reassess our level of participation on the public exchanges. Our initial action will be to withdraw our 2017 public exchange expansion plans. Additionally, given the deadline to attest to our final rate filings for 2017, we are also undertaking a complete evaluation of our current exchange footprint as the poor performance of these products warrants such an analysis.”

Keep reading…

No mystery. New Jersey, Indiana: Christie, Pence.

ACA is a corporatist cocksucker's wet dream. That's what you're cheerleading for. Think about it.

I'm thinking about the fact that Sun Devil is the one cheerleading for the demise of consumer-owned co-ops and claiming "there was nothing wrong with the system before."

I notice how you carefully avoid criticizing him in your zeal to mischaracterize the statements of fact in my posts.

Carry on.

 

[dblack]

 

[pwjohn]

Single-payer is inevitable.

As it should be

 

[Arianrhod]

Relevance?

 

[OnePercenter]

Single-payer is inevitable.

I'd much rather see healthcare insurance forced into non-profit.

 

[Sun Devil 92]

Awsome.

 

[Dekster]

Single-payer is inevitable.

I'd much rather see healthcare insurance forced into non-profit.

It could be the same--something like a single payer post office type entity. They have to be able to operate at a surplus and those surpluses invested into reserve accounts. If not, it will never be properly funded in a way that takes the political fingers out of the pudding.

 

[OnePercenter]

Awsome.

You're taking advise from a multi-millionaire that will benefit him greatly and screw you. Really smart.

 

[Sun Devil 92]

Awsome.

You're taking advise from a multi-millionaire that will benefit him greatly and screw you. Really smart.

I'm listening to his story.

Are you that much of a puppet ?

 

[Sun Devil 92]

Single-payer is inevitable.

I'd much rather see healthcare insurance forced into non-profit.

It could be the same--something like a single payer post office type entity. They have to be able to operate at a surplus and those surpluses invested into reserve accounts. If not, it will never be properly funded in a way that takes the political fingers out of the pudding.

What has our government done effectively.

If someone says Social Security, I'll be ROTFLMAO.

 

[Dekster]

Single-payer is inevitable.

I'd much rather see healthcare insurance forced into non-profit.

It could be the same--something like a single payer post office type entity. They have to be able to operate at a surplus and those surpluses invested into reserve accounts. If not, it will never be properly funded in a way that takes the political fingers out of the pudding.

What has our government done effectively.

If someone says Social Security, I'll be ROTFLMAO.

Liberated Europe, effectively eradicated polio and small pox in the US, committed genocide against Native Americans, and invented a pen that writes upside down.

 

[Sun Devil 92]

Single-payer is inevitable.

I'd much rather see healthcare insurance forced into non-profit.

It could be the same--something like a single payer post office type entity. They have to be able to operate at a surplus and those surpluses invested into reserve accounts. If not, it will never be properly funded in a way that takes the political fingers out of the pudding.

What has our government done effectively.

If someone says Social Security, I'll be ROTFLMAO.

Liberated Europe, effectively eradicated polio and small pox in the US, committed genocide against Native Americans, and invented a pen that writes upside down.

And I would agree that military action falls within their purview.

The upside down pen.......hmmmmm.....