Aetna Forcing 600,000-Plus To Lose Coverage In Effort To Raise Profits

[Diuretic]

"The pricing we put in place for 2009 turned out to not really be what we needed to achieve the results and margins that we had historically been delivering," said chairman and CEO Ron Williams. "We view 2010 as a repositioning year, a year that does not fully reflect the earnings potential of our business. Our pricing actions should have a noticeable effect beginning in the first quarter of 2010, with additional financial impact realized during the remaining three quarters of the year."

Translation:

We didn't charge our customers enough. Next year we're wearing the effect of that piss-poor decision so we're going to bang up our prices to make more money.

well, if they were charging enough they were in danger of going in the hole and sinking the whole ship which is what the obamalama is hell bent on doing, sinking the whole ship

It's a perfectly rational approach. Hike your prices and dump liabilities. That's how you keep a profit-making concern going.

 

[PatekPhilippe]

Translation" They are raising their prices..




dishonest fuckery again!

Is it? Or are they getting rid of liabilities?

I'll sell you a policy for $100,000. Can't afford it? Well, guess you made the choice to be dropped then.

Sorry dumb ass...there aren't any insurance policies at 100k...nice try.

 

[Midnight Marauder]

Is it? Or are they getting rid of liabilities?

I'll sell you a policy for $100,000. Can't afford it? Well, guess you made the choice to be dropped then.

Sorry dumb ass...there aren't any insurance policies at 100k...nice try.

If there were it would be a "Cadillac plan" and they would tax the bejeebers out of it!

 

[PatekPhilippe]

I tried to tell you all back in October to buy stock in health insurance providers, since it was really cheap and due to shoot up. Since none of the "benefits" of the health scare bill take effect for several years, they have plenty of time to make adjustments now, then wait for the 20 million extra new customers the health scare bill mandate is going to send them!

BILLIONS of new revenue for the "evil insurance providers!" HUGE profits for me!

I stuck with gold....got a new MB E550 on order...

 

[Alvin]

Is it? Or are they getting rid of liabilities?

I'll sell you a policy for $100,000. Can't afford it? Well, guess you made the choice to be dropped then.

Sorry dumb ass...there aren't any insurance policies at 100k...nice try.

You missed the point completely there....

 

[Midnight Marauder]

I tried to tell you all back in October to buy stock in health insurance providers, since it was really cheap and due to shoot up. Since none of the "benefits" of the health scare bill take effect for several years, they have plenty of time to make adjustments now, then wait for the 20 million extra new customers the health scare bill mandate is going to send them!

BILLIONS of new revenue for the "evil insurance providers!" HUGE profits for me!

I stuck with gold....got a new MB E550 on order...

This is BETTER than gold and you can cash out of it in a couplathree years!

 

[PatekPhilippe]

I'll sell you a policy for $100,000. Can't afford it? Well, guess you made the choice to be dropped then.

Sorry dumb ass...there aren't any insurance policies at 100k...nice try.

If there were it would be a "Cadillac plan" and they would tax the bejeebers out of it!

LOL!!!! At 40%!!!!! That's what Chris wants!!!! To tax the entire country to death......what a dumb ass....

 

[PatekPhilippe]

I tried to tell you all back in October to buy stock in health insurance providers, since it was really cheap and due to shoot up. Since none of the "benefits" of the health scare bill take effect for several years, they have plenty of time to make adjustments now, then wait for the 20 million extra new customers the health scare bill mandate is going to send them!

BILLIONS of new revenue for the "evil insurance providers!" HUGE profits for me!

I stuck with gold....got a new MB E550 on order...

This is BETTER than gold and you can cash out of it in a couplathree years!

My broker has some of my portfolio in Insurance but I don't know what the exposure is at this point....it's been a while since I've checked out the entire statement.

 

[PatekPhilippe]

I'll sell you a policy for $100,000. Can't afford it? Well, guess you made the choice to be dropped then.

Sorry dumb ass...there aren't any insurance policies at 100k...nice try.

You missed the point completely there....

No we didn't....the whole story is fricken bullshit....any dumb ass that sets themself up for a 40% tax hit IS A FRICKEN MORON!!!! There are other healthcare plans out there that WILL accept them and that are reasonably priced......THAT'S THE POINT that you missed.

 

[Alvin]

Sorry dumb ass...there aren't any insurance policies at 100k...nice try.

You missed the point completely there....

No we didn't....the whole story is fricken bullshit....any dumb ass that sets themself up for a 40% tax hit IS A FRICKEN MORON!!!! There are other healthcare plans out there that WILL accept them and that are reasonably priced......THAT'S THE POINT that you missed.

From the premise of the thread.....
If an insurance company wishes to drop a liablility it quotes a cost far and above the market value. You then have a choice to take or leave.
Since no other insurance company would willingly take such a loss on as a new client the only "Choice" the person has is to pay up or fuck off.

This is why the US is the only country in the civilized world where you can go bankrupt due to medical expensis.

 

[PatekPhilippe]

You missed the point completely there....

No we didn't....the whole story is fricken bullshit....any dumb ass that sets themself up for a 40% tax hit IS A FRICKEN MORON!!!! There are other healthcare plans out there that WILL accept them and that are reasonably priced......THAT'S THE POINT that you missed.

From the premise of the thread.....
If an insurance company wishes to drop a liablility it quotes a cost far and above the market value. You then have a choice to take or leave.
Since no other insurance company would willingly take such a loss on as a new client the only "Choice" the person has is to pay up or fuck off.

This is why the US is the only country in the civilized world where you can go bankrupt due to medical expensis.

This is why you and those like you that tout the bankruptcy line are full of it....who says it's their only choice....seriously quit believing opinions are fact and you'll be better off.

Plus if you would have read the story on that whacked site...you would have seen this little tidbit....

They(Aetna) were surprised by an acceleration in medical costs in 2009 which pressured their earnings

So now I suppose that you want companies to operate in the red just so you get cheap shit...you're pathetic....blame the insurance companies for hospitals and doctors that RAISED THEIR PRICES!!!!!!!

 

[uscitizen]

Drug companies also raised their prices.

 

[CrusaderFrank]

The downfall of the USA started when Libruls were allowed to vote. It's frightening. They have a hatred for free enterprise that you don't see even in Communist China any more.

Aetna is allowed to raise prices and people are allowed to get their insurance elsewhere.

Why is this even news?

Oh, I forgot, Libs just had their 2 Minute Hate on the Insurance Companiesssssssss and their Profiteseseesesssss my precious.

 

[Gatekeeper]

And Aetna is only the FIRST to unload the unprofitable subscribers. Let's watch how the rest of the insurers join in when they 'see the light'.

If the insurance companies cannot 'beat the system' in fighting Washington D.C.'s program to Change the World by lobbying etc,, then they will lighten their load at the expense and lives of the very people that made them billionaires in the first place.

Just another NEGATIVE result, for the consumer, of this universal health care. These companies will NOT lose their excessive profits, they do not want reasonable profits and never will.

Wonder when the people in Washington will try to insure the rest of the world? Oh, sorry, they already are, in a way, aren't they?

Never thought I would live to see the "Red Star" in our own capital. But then again one major company in this country uses that Red Star as their own logo. Just like Russia, China and the North Koreans.

I think Nikita Khrushchev was right, for those of you that remember his words.

 

[CrusaderFrank]

NYTimes raises prices, looses subscribers!

What the fucking fuck? Is this legal?

 

[xsited1]

Aetna Forcing 600,000-Plus To Lose Coverage In Effort To Raise Profits

fuck these immoral & unethical insurance companies. will be a great day when they are thrown out of business and their executives get to suffer

Companies can't raise prices? Oh, I get it. If they do, they're EVIL! The insurance business is very competitive so these people will just go somewhere else. Unfortunately, Obama and his minions will pass a healthcare bill which will force everyone to get insurance. If the government raises rates, are you going to get just as angry at them as you are with Aetna? I doubt it.

 

[CrusaderFrank]

Obama wants to raise the price of Big Gubbamint!

 

[Charles Stucker]

Translation" They are raising their prices..




dishonest fuckery again!

Is it? Or are they getting rid of liabilities?

The article stated that they are raising prices and anticipate a drop in the number of people who continue to purchase their service.

Same thing happens at Red Lobster - when they raise prices, their volume of sales drop.
And hey everyone NEEDS to eat, right?

 

[Alvin]

This is why you and those like you that tout the bankruptcy line are full of it....who says it's their only choice....seriously quit believing opinions are fact and you'll be better off.

Do you know how many people lost their homes in my country, Germany, France, Australia, The UK, and France combined last year.

Neither do I. Because it just doesn't happen very often if at all. Now what is the glaring difference between healthcare in those countries and the US? Because there is someone between your doctor and you. And it's their job to make a profit.

Plus if you would have read the story on that whacked site...you would have seen this little tidbit....

They(Aetna) were surprised by an acceleration in medical costs in 2009 which pressured their earnings

So now I suppose that you want companies to operate in the red just so you get cheap shit...you're pathetic....blame the insurance companies for hospitals and doctors that RAISED THEIR PRICES!!!!!!!

I can see how Aetna would release a statement blaming their price increase on fallen profits...

Honestly.

 

[Charles Stucker]

I can see how Aetna would release a statement blaming their price increase on fallen profits...

Honestly.

Free Market means they are Free to raise prices and you are Free to shop elsewhere.
It does not mean I have to pay so You can get it for free; that is socialism as practiced by the Democratic party.