Meanwhile back on the farm
- Thread starter TarHeelEer
- Start date
Who is going to get the credit? Obamacare covered 20 million that was not covered before. 40 million remain uncovered. President Obama will step out of office in Jan '17.
Insurance profession is losing money and they will either increase premiums substantially or drop out of system during the first quarter of '17. No Republican Congressman voted for Obamacare, but Democrats are no longer in control of either house. Who will get credit?
Obama would not negotiate any oart of this terrible plan so when the bubble pops or the poor and middle class are paying enormous rates it will be obvious who is to blame. He was dumb to not make this a bipartisan bill.
Absolutely dumb, but he had veto proof Dem majority, and with his arrogance, he had to prove that "elections have consequences" and that he was all powerful.
Perhaps if the insurance companies weren't so damn greedy and looking to work with hospitals to drive cost of procedures up to the point where a 30 minute "check up" would cost the normal person over $300, we wouldn't be in this situation to begin with?
You have your thoughts and theories, I have mine.
1. If hospital trips were "cheap", then insurance would not be needed and the medical profession wouldn't be desirable.
2. Insurance would not be needed if price for simple procedures weren't so expensive.
3. Insurance corporations work with hospitals to drive prices up, thus creating a "panic" for people to rush out and buy insurance and pay monthly premiums for services that they most likely will NEVER need, but if they do they wouldn't be able to afford. All resulting in bigger $$$ for the medical field and the insurance scam that is a plague on our country as too many "fear" the health care of other nations like Canada and Britain.
1 & 2 are spot on .
3. Not so much. Insurance carriers are constantly battling hospitals over rates.
My office manager has never had insurance.She negotiates with the doc and hospital before she goes. She saves a lot of money. The ill informed on here are in the majority.
I talked with her today and she got ACA in 2012and her deductible is 12,000. She hasn't negotiated since 2015. She just got her son's urgent care bill and it was $375. She isn't too happy about that but she did change to coverage but hadn't had it for many many years.
I'm disappointed.......RPJ says he gives his employee benefits and you don't. I hope you at least give her a break on dental work. :angry:
You mean employers are going to reduce staffing in order to mitigate risk associated with the ACA? If only someone would have raised that point when ACA was up for approval. Oh, that's right. They did. We call them Republicans.
Basically, almost all of the concerns the opposition to ACA posed back in the day have come to fruition. Death panels to soon follow. (I said almost all)
Hell of a quandary wouldn't you think. One of the major insurance writers is not going to participate in Obamacare program next year. Will lose a billion dollars. Above a lady has $12 grand deductible on major medical, and that will discourage use. Others complaining about the greedy insurance people who just put profit above everything.
Somebody is lying. Who would it be? Will insurance co have to open books to prove need of service increase. Is there any way to prove that all companies are not making countless dollars and getting rid of it to golden parachutes?
The way I analyze the situation, insurance companies, or any other company, will not operate at a loss very long. By the same token, companies are not going to pass up profits. If a profit is available, there will be someone there to cover the need.
Free, caps and other high end stuff at cost. Her son is free and I give her mom a big discount too. Much cheaper than benefits. Business is business.
If the profit margin is too low, the risk isn't worth it. The ACA was written to fail so the dems could come in with single payer. Complete arrogance to think that they would still be in power.
Here's one insurance company not doing bad at all.
Aetna Inc (NYSE: AET)
April 21, 4:20 PM EDT
113.09
▼ 0.12 (0.11%)
High 130.05 on Jun 26, 2015
Low 35.47 on Oct 7, 2011
Avg 70.16 for past 5 years
Here is a second one:
Aflac Inc (NYSE: AFL)
April 21, 4:29 PM EDT
67.40
▼ 0.65 (0.96%)
High 68.05 on Apr 20, 2016
Low 31.46 on Sep 23, 2011
Avg 55.36 for past 5 years
Here's a third one:
Anthem Inc (NYSE: ANTM)
April 21, 4:29 PM EDT
145.91
▲ 0.39 (0.27%)
High 167.85 on May 29, 2015
Low 55.04 on Aug 3, 2012
Avg 97.69 for past 5 years
All three are near the record high for the last five years. Don't let facts get in the way though, continue on telling us how they are struggling because of the ACA.
Aetna Inc (NYSE: AET)
April 21, 4:20 PM EDT
113.09
▼ 0.12 (0.11%)
High 130.05 on Jun 26, 2015
Low 35.47 on Oct 7, 2011
Avg 70.16 for past 5 years
Here is a second one:
Aflac Inc (NYSE: AFL)
April 21, 4:29 PM EDT
67.40
▼ 0.65 (0.96%)
High 68.05 on Apr 20, 2016
Low 31.46 on Sep 23, 2011
Avg 55.36 for past 5 years
Here's a third one:
Anthem Inc (NYSE: ANTM)
April 21, 4:29 PM EDT
145.91
▲ 0.39 (0.27%)
High 167.85 on May 29, 2015
Low 55.04 on Aug 3, 2012
Avg 97.69 for past 5 years
All three are near the record high for the last five years. Don't let facts get in the way though, continue on telling us how they are struggling because of the ACA.
Not trying to dispute that some insurance companies are doing well, but how diversified in insurance are these companies as compared to UHC? Does Aflac even do health insurance, or are they entirely the short-term disability insurance? I know Anthem and Aetna do health insurance, but what percentage of their portfolio is that business, and what percentage of their business is through the exchanges?
Aflac does not. Insurance industry as a whole is doing very well. Yes, there are strategic decisions these companies need to make. United has fought the ACA from the start plus they have made some very poor decisions because of being short sighted. I have zero sympathy for that company as a whole