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February 15th, 2017, 03:58 PM #1
Obamacare is in a 'death spiral,' says Aetna CEO
Obamacare is in a 'death spiral,' says Aetna CEO - Feb. 15, 2017
More sick Americans are flocking to the Obamacare exchanges, which is pushing insurers' costs higher, Bertolini said at a Wall Street Journal forum. That, in turn, is forcing carriers to either abandon the market or raise their rates.
Bertolini's comments come on the heels of Humana's (HUM) decision to pull out of the individual market completely in 2018, citing an inability to offer a "viable product."
Talk of Obamacare being in a death spiral ramped up last year when Aetna and several other carriers decided to scale back their exposure to the exchanges after sustaining multimillion dollar losses. That left consumers in 70% of the nation's counties with only one or two companies on the exchanges and became a major talking point for Republicans, who say the program is collapsing.
So sad for the Millions who need health care the most were sold a Bill of Goods that turned out to be , not only, a LIE and the Biggest Failure of the Obama Administration.
His Legacy lives on in Sickness and Human misery ......
Para Sailing.....Anyone ??????
February 15th, 2017, 04:25 PM #2
Fortunately this is an issue Congress and President Trump can fix immediately by mandating that every single American be signed up for health insurance whether they want to or not. This eliminates the issue, fills the exchanges with low risk individuals and insures everyone.
That's not what they'll do, but that's the answer.THE DONALD FOR AMERICA
February 15th, 2017, 04:32 PM #3
Last edited by pickel; February 15th, 2017 at 04:36 PM.
February 15th, 2017, 04:35 PM #4
February 15th, 2017, 04:40 PM #5
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