Aetna announced that they are exiting all the Obamacare exchanges. They lost 200 million!
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The left doesn't care if it makes sense or not. These are people who were taught that they were victims and to oppose the "oppressor" at all costs, even to their own demise. With their left hand they say the right supports the rich and is the "oppressor". With their right hand they claim conservatives are all poor uneducated rednecks. It just depends on what they are arguing. And if all else fails begin shouting words like racist and bigot, hope it sticks and disengage from all intellectual debate. 1
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Since the ACA took effect their profits have increased by billions! The reason they lost money last quarter is because of their failed merger with Humana and because they pulled out of the ACA exchange. Aetna even said, "the quarter was also impacted by reduced participation on the ACA's exchanges." The Centers for Medicare and Medicaid Services awarded $2.4 billion to 23 co-ops that were eventually created. However, the majority of the co-ops struggled to turn a profit, resulting in the collapse of 16 of the original 23 that received $1.5 billion in startup and solvency loans. Now, with just seven co-ops remaining, regulatory filings show that many ended 2015 in the red. 1
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They're only pulling out of obamacare in hopes that the republicans can repeal it and send us back decades to a free market system where they can make even more money because they can price gouge us to hell. Obamacare net gained them profits. Fromwithin youre retarded and do not know what the fuck youre talking about A crazy Progressive speaks and knows nothing ! The Centers for Medicare and Medicaid Services awarded $2.4 billion to 23 co-ops that were eventually created. However, the majority of the co-ops struggled to turn a profit, resulting in the collapse of 16 of the original 23 that received $1.5 billion in startup and solvency loans. Now, with just seven co-ops remaining, regulatory filings show that many ended 2015 in the red. Speak up Progressive about how wonderful Obamacare is !!!!!!! 1
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Since Obamacare’s rollout in the fall of 2013, 16 co-ops that launched with money from the federal government have collapsed. The co-ops, or consumer operated and oriented plans, were started under the Affordable Care Act as a way to boost competition among insurers and expand the number of health insurance companies available to consumers living in rural areas. Now, just seven co-ops—Wisconsin’s Common Ground Healthcare Cooperative; Maryland’s Evergreen Health Cooperative; Maine Community Health Options; Massachusetts’ Minuteman Health; Montana Health Cooperative; New Mexico Health Connections; and Health Republic Insurance of New Jersey—remain. Despite the grim financial footing from previous years, health care experts agree that it’s likely some—though not all—co-ops may remain standing for at least a few more years. Sorry to burst your bubble, but this has gone to court and a judge has ruled that Aetna lied about the reason it dropped out of Obamacare. It did it to avoid scrutiny over it's merger. http://money.cnn.com/2017/01/24/ |
