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They are losing money on the ACA portion though. They lost 200 million in the 2nd quarter alone.
So. Simply the cost of doing business.
They are losing money on the ACA portion though. They lost 200 million in the 2nd quarter alone.
"As a whole" <> in the ACA markets. Aetna is doing the same thing UHC is doing. They recognize that they are losing money and they project those losses will grow for marketplace plans, so they're willing to give up market share to become more profitable. Would they willingly give up market share for any reason other than that they are losing money? Here is an article from earlier this year about UHC doing the same thing.Earlier I posted a link showing Aetna had posted record profits for the company as a whole. You can go look and see just about every insurance company out there has done the same since the ACA. So in short, you are dead wrong.
Ah okay. Seems like the other poster addressed it. But I think the larger point of "if you like it you can keep it" isn't happening because insurers and companies can be shitty. Not because the law invalidated certain plans.See my previous post.
Bullshit. It's too expensive for the companies to offer those plans.Ah okay. Seems like the other poster addressed it. But I think the larger point of "if you like it you can keep it" isn't happening because insurers and companies can be shitty. Not because the law invalidated certain plans.
Bullshit. It's too expensive for the companies to offer those plans.
Agree.Insurance companies just don't like selling individual plans. They're not as profitable.
Obamacare forces them to sell more individual plans and they don't like that.
Generally, if someone buys an individual plan with their own money, they're going to use it. Insurance companies don't want you using your health insurance they only want you to own a policy.
When more people are buying individual plans and using them, they make less money.
That's why individual/private insurance plans cost so much more than your typical employer provided benefits.
For small companies? Possibly. For multi national corporations, absolutely not.Bullshit. It's too expensive for the companies to offer those plans.
Ah okay. Seems like the other poster addressed it. But I think the larger point of "if you like it you can keep it" isn't happening because insurers and companies can be shitty. Not because the law invalidated certain plans.
Like Aetna and UHC you mean?For small companies? Possibly. For multi national corporations, absolutely not.
As already displayed in this thread, Aetna saw record profits that wouldn't be available them had it not been for the ACA. They want all the benefits with none of the risk and thats not how any (fair) business operates.Like Aetna and UHC you mean?
Their profits would have been higher had they not been in the markets serving ACA consumers. This is not difficult to understand. If those markets were profitable, we wouldn't be discussing the two largest health insurers in the country pulling out of the Marketplace.As already displayed in this thread, Aetna saw record profits that wouldn't be available them had it not been for the ACA. They want all the benefits with none of the risk and thats not how any (fair) business operates.
there's just no arguing with stupid.Their profits would have been higher had they not been in the markets serving ACA consumers. This is not difficult to understand. If those markets were profitable, we wouldn't be discussing the two largest health insurers in the country pulling out of the Marketplace.
And most businesses are in the business of maximizing profit and minimizing risk.
Who claimed they lost 430MM in certain markets? Not me. Regardless, you do understand how it's possible that certain markets/channels may be more profitable than others, and that if those less profitable channels are projected to continue to operate at a loss it makes sense to stop the bleeding?there's just no arguing with stupid.
>Claims they lost 430 million in certain markets.
Finds out they had a record year for profits.
>Claims that all businesses cut out segments of businesses that aren't profitable.
Presented with the fact that just a couple months ago they said that it would have cost more than 430 million to attract the customers it received which led to record profits.
>Doubles down that their profits would have been higher had they not been in the ACA markets.
Conclusion: You have a very elementary understanding of how large businesses in many markets and segments work.
"As a whole" <> in the ACA markets. Aetna is doing the same thing UHC is doing. They recognize that they are losing money and they project those losses will grow for marketplace plans, so they're willing to give up market share to become more profitable. Would they willingly give up market share for any reason other than that they are losing money? Here is an article from earlier this year about UHC doing the same thing.
http://time.com/money/4300900/united-healthcare-obamacare-exit/
"The smaller overall market size and shorter term, higher-risk profile within this market segment continue to suggest we cannot broadly serve it on an effective and sustained basis,” CEO Stephen Hemsley said in a conference call with investors Tuesday."
By getting out of the exchanges you mean?I'm aware United and others have done the same thing. People are blaming the ACA when it is simply Insurance companies looking to increase their profits.
By getting out of the exchanges you mean?
there's just no arguing with stupid.
>Claims they lost 430 million in certain markets.
Finds out they had a record year for profits.
>Claims that all businesses cut out segments of businesses that aren't profitable.
Presented with the fact that just a couple months ago they said that it would have cost more than 430 million to attract the customers it received which led to record profits.
>Doubles down that their profits would have been higher had they not been in the ACA markets.
Conclusion: You have a very elementary understanding of how large businesses in many markets and segments work.