Showing posts with label Obamacare fucks Americans. Show all posts
Showing posts with label Obamacare fucks Americans. Show all posts

Wednesday, July 19, 2017

Sunday, May 14, 2017

before Obamacare the Insurance companies made $6 billion a year and after Obamacare $16 billion per year

Major Insurance Company Ditches Obamacare, Profits Skyrocket
UnitedHealthcare Group’s quarterly profit skyrocketed after the insurance provider drastically downsized its participation in the Obamacare exchanges.
The company’s profit rose by 35 percent in the first-quarter of 2017, and expanded nearly every aspect of its operation, including its participation in Medicare Advantage and Medicaid plans, The Associated Press reports. In total, UnitedHealth brought in $2.17 billion in first-quarter earnings, with $48.72 billion in revenue. Shares of UnitedHealth are up 1.08 percent as of 2:12 p.m. Tuesday afternoon.
UnitedHealth’s operating income also rose outside of its health insurance offerings. The company experienced a 16 percent bump in operating earnings from Optum, another facet of UnitedHealth. Optum provides it with pharmacy benefits management and technological capabilities, as well as a network of doctor and clinical offices.
Following what amounted to a $475 million loss from participating in the exchanges in 2015, UnitedHealth announced in April 2016, that it would back out of all but a “handful” in 2017. The group expected to lose as much as $800 million in 2016.
“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,” UnitedHealthcare Group CEO Stephen Hemsley told reporters in 2016. “Next year, we will remain in only a handful of states, and we will not carry financial exposure from exchanges into 2017.”
UnitedHealth is not alone. Insurance providers Aetna and Humana are also leaving the exchanges.
http://dailycaller.com/2017/04/18/major-insurance-company-ditches-obamacare-profits-skyrocket/
Health insurance industry rakes in billions while blaming Obamacare for losses
Major insurance companies are enjoying record profits but claim they are losing money under the Affordable Care Act
https://www.consumeraffairs.com/news/health-insurance-industry-rakes-in-billions-while-blaming-obamacare-for-losses-110116.html
Major health insurance company CEO says Obamacare is in a ‘death spiral’
http://www.theblaze.com/news/2017/02/15/major-health-insurance-company-ceo-says-obamacare-is-in-a-death-spiral/

Friday, February 3, 2017

400,000 Fewer Americans Enrolled In Obamacare For 2017, mainly because it's a suck ass useless insurance that doesn't cover anything and is expensive in the extreme

Despite The Democrats decrying the Trump administration for its efforts to repeal and replace President Obama's Affordable Care Act, it seems around 400,000 fewer Americans decided for themselves that Obamacare wasn't for them in 2017. In just one month alone.

WOW

As Axios reports, Obamacare enrollment for this year appears to have ended slightly down from last year, according to enrollment numbers released this afternoon by the Centers for Medicare and Medicaid Services.
The agency said about 9.2 million people signed up in the 39 states that use the federal HealthCare.gov website by Jan. 31.

While that's not a total enrollment figure, 9.6 million people signed up through that website at the end of last year's open enrollment.
It's the first indication that the Trump administration's opposition to the law, and its decision to pull TV advertising, may have had an impact, since the pace of enrollment had been ahead of last year's until mid-January.

Only people in Ofuckocare are the jihadists and minorities who GET IT FOR FREE. EVERYONE ELSE HAS TO PAY!