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Post Reply Aetna Is Latest Health Insurer to Quit Obamacare Markets
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Posted 5/10/17 , edited 5/28/17
The imploding continues...



https://www.bloomberg.com/politics/articles/2017-05-10/aetna-is-latest-health-insurer-to-quit-obamacare-markets

Aetna Inc. will leave the few remaining states where it had been selling Obamacare plans next year, making it the latest health insurer to pull out of the health law as Republicans attack the program as failing and work to dismantle it.

While the move is likely to attract outsize political attention, the decision affects just Delaware and Nebraska. The Hartford, Connecticut-based insurer already said last year it would pull out of 11 states, and in the last month announced plans to exit Iowa and Virginia.

“At this time have completely exited the exchanges,” Aetna said in a statement Wednesday. The insurer will also stop selling non-Obamacare individual plans in Delaware and Nebraska.

Aetna had indicated it might pull out earlier this month, when Chief Financial Officer Shawn Guertin said the company would take steps to limit its financial losses in the program. Aetna has said it expects to lose more than $200 million on individual health plans this year in the four states where it’s still selling Affordable Care Act plans.

Obamacare’s markets are becoming increasingly vulnerable as major health insurers exit, citing financial losses. Some insurers have stayed in, but raised the premiums they charge customers by double-digit percentages.

Some of the instability has been going on for years, as fewer people than expected have signed up for plans and many have been sicker than insurers accounted for. Those problems have been further pushed by Republicans, who are considering legislation in Congress to repeal and replace large portions of the health law, and by President Donald Trump, who has threatened to withhold support from key portions of the law that keep the markets functioning.

Aetna’s decision could leave Nebraska with just one insurer, Medica. Medica has pulled back as well, saying it may exit the program in Iowa, leaving much of the state without insurance options under Obamacare.

Greg Bury, a Medica spokesman, said, “We have not made a decision and are reviewing all of our options.”

In Delaware, the Blue Cross and Blue Shield company Highmark would be the lone Obamacare insurer, assuming no other company enters. Highmark didn’t return a request for comment. The state’s insurance regulator blamed “the uncertainty and instability surrounding the future of the Affordable Care Act” for Aetna’s exit.

“I would hope that our elected officials in Washington will come up with solutions to guarantee that health insurance in Delaware and elsewhere is both available and affordable,” Insurance Commissioner Trinidad Navarro said in a statement.

Aetna may not be entirely out of Obamacare. Nevada has said it was working to convince the insurer to offer individual plans in the state for next year. T.J. Crawford, an Aetna spokesman, said the company had “no comment on a potential Nevada presence at this time.”
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Posted 5/21/17
Aren't they the last one the big ones?
Posted 5/21/17

MysticGon wrote:

Aren't they the last one the big ones?


Cigna is still an ACA insurer, Blue Cross is as well. So.. No.
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Posted 5/21/17

ninjitsuko wrote:


MysticGon wrote:

Aren't they the last one the big ones?


Cigna is still an ACA insurer, Blue Cross is as well. So.. No.


Wonder how long they'll last. :/
Posted 5/21/17

MysticGon wrote:
Wonder how long they'll last. :/


Dunno. I'm getting $750 a month for insurance now, even though my premium is only $150 a month (was $418 until ACA). So either way, I'm covered. I'm using ACA at the moment since it's cheaper than not using it. Companies will probably leave ACA the moment the GOP decides to go whole hog with the ACHA.
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29 / M / B.C, Canada
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Posted 5/21/17

ninjitsuko wrote:



Dunno. I'm getting $750 a month for insurance now, even though my premium is only $150 a month (was $418 until ACA). So either way, I'm covered. I'm using ACA at the moment since it's cheaper than not using it. Companies will probably leave ACA the moment the GOP decides to go whole hog with the ACHA.


Geez every time I hear this I wonder why you Yanks put up with all this healthcare nonsense. My premium is 75 dollars a month and that's only because I make more then 42 k a year in adjusted net income which is the cut off point for reduced premiums. Hell low income households pay squat in premiums.


Ah you silly little Americans will never get it will you?
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Posted 5/21/17

ninjitsuko wrote:


MysticGon wrote:
Wonder how long they'll last. :/


Dunno. I'm getting $750 a month for insurance now, even though my premium is only $150 a month (was $418 until ACA). So either way, I'm covered. I'm using ACA at the moment since it's cheaper than not using it. Companies will probably leave ACA the moment the GOP decides to go whole hog with the ACHA.


Or until it becomes unprofitable for them. I think certain things should be off-limits to the grubby little claws of capitalism.
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Posted 5/21/17 , edited 5/22/17

Ranwolf wrote:


ninjitsuko wrote:



Dunno. I'm getting $750 a month for insurance now, even though my premium is only $150 a month (was $418 until ACA). So either way, I'm covered. I'm using ACA at the moment since it's cheaper than not using it. Companies will probably leave ACA the moment the GOP decides to go whole hog with the ACHA.


Geez every time I hear this I wonder why you Yanks put up with all this healthcare nonsense. My premium is 75 dollars a month and that's only because I make more then 42 k a year in adjusted net income which is the cut off point for reduced premiums. Hell low income households pay squat in premiums.


Ah you silly little Americans will never get it will you?


You pay plenty for your health care, canuck. You just don't see it because it's been cleverly hidden in you exorbitant taxes, instead of being direct payments to a healthcare insurer.

Cut your smug nationalism.
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Posted 5/21/17 , edited 5/21/17

MysticGon wrote:


Or until it becomes unprofitable for them. I think certain things should be off-limits to the grubby little claws of capitalism.


Yeah but capitalism will never learn that lesson.

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29 / M / B.C, Canada
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Posted 5/21/17

outontheop wrote:


You pay plenty for your health care, canuck. You just don't see it because it's been cleverly hidden in you exorbitant taxes, instead of being direct payments to a healthcare insurer.

Cut your smug nationalism.


Please you self satisfied Yank the taxes I pay are due entirely to my status as a member of the upper class. Unlike your worthless leadership my country at least recognised that the lower class can't pay the same in taxes as I can.

My country may be guilty of a lot of mistakes but financial ones aren't one of them. But go ahead Yank pretend otherwise, pretend your country can run an economy. Pretend all the crashes you've suffered aren't real.
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Posted 5/21/17 , edited 5/22/17

Ranwolf wrote:


outontheop wrote:


You pay plenty for your health care, canuck. You just don't see it because it's been cleverly hidden in you exorbitant taxes, instead of being direct payments to a healthcare insurer.

Cut your smug nationalism.


Please you self satisfied Yank the taxes I pay are due entirely to my status as a member of the upper class. Unlike your worthless leadership my country at least recognised that the lower class can't pay the same in taxes as I can.

My country may be guilty of a lot of mistakes but financial ones aren't one of them. But go ahead Yank pretend otherwise, pretend your country can run an economy. Pretend all the crashes you've suffered aren't real.


I love how easy it is to trigger you.

What with your rampant, contradicting-self-in-same-paragraph racial supremacist views, your small-dog-syndrome nationalism (it's cute that you think canada has any greater significance to the world at large), and your need to shamelessly self-promote your own self-assured baddassness.

I suspect you are a deeply insecure individual.
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Posted 5/21/17 , edited 5/27/17

MysticGon wrote:

Aren't they the last one the big ones?


As someone point out there is Blue cross which expands into the states Aetna drops when it leaves an exchange. This by the way is purely a business move on Aetna's part, but if Trump and crew continue down this course everyone's insurance is going to be at risk. The markets before the ACA were on a route to fail within about twenty years IE become to expensive for employers to continue providing insurance most plans as it was were covering less and costing more out of pocket for the employee. So you got a crap plan that cost you more of your paycheck every month that is what we would go back to for employer based plans and those would shift more of the cost onto the employee since it will just keep going up in price.

The first hit will be the poor and elderly on Medicaid yes there are more elderly on Medicaid then any other age group. It is used to pay for senior care in all fifty state. So be ready for Grandma and Grandpa to move into your room kids. It will also hit folks that are below the poverty line who are working they just don't make enough these aren't lazy people as some would have you believe. No they work and earn a living it just isn't enough to live well.

No the long term solution is single payer health insurance either Medicaid for all or Medicare for all both have problems and those can be fixed easily enough mostly with what they cover. This doesn't mean you would loose your doctor or have a death panel no those are the options the Republicans have been in favor of since the ACA passed. Hell those are what happened when you just have insurance companies running the game with little to no rules outside of what your state provided.

Yeah freedom to die quickly. So all your hardcore right wing Christians out there doesn't Jesus say heal the sick? So why aren't you jackasses following the word. Charity has never been able to do the job not enough people giving to it and the Church was always greedy with it's money.
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29 / M / B.C, Canada
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Posted 5/21/17 , edited 5/28/17

outontheop wrote:
I love how easy it is to trigger you.

What with your rampant, contradicting-self-in-same-paragraph racial supremacist views, your small-dog-syndrome nationalism (it's cute that you think canada has any greater significance to the world at large), and your need to shamelessly self-promote your own self-assured baddassness.

I suspect you are a deeply insecure individual.


Mate I don't know what I have to do or say to prove to you to show I care little for Canada . Just cause I bore it's flag into Afghanistan doesn't mean I give a damn about it's wish washy way of doing things. And if you mistake my pride about what I have accomplished as pride in my nation you truly know nothing about me and know nothing about Canada to boot.

Just cause I dislike anything about the way your homeland does anything does not mean I automatically love anything about Canada . Frankly it's a lazy attitude on your part to assume otherwise.

I and tens of thousands of others may wear the uniform of our country , but don't you dare mistake us for patriots. We're simply men and women doing what has to be done. But whom am I kidding it's your lazy and worthless mind I am talking to.
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Posted 5/21/17 , edited 5/27/17

Ranwolf wrote:


ninjitsuko wrote:



Dunno. I'm getting $750 a month for insurance now, even though my premium is only $150 a month (was $418 until ACA). So either way, I'm covered. I'm using ACA at the moment since it's cheaper than not using it. Companies will probably leave ACA the moment the GOP decides to go whole hog with the ACHA.


Geez every time I hear this I wonder why you Yanks put up with all this healthcare nonsense. My premium is 75 dollars a month and that's only because I make more then 42 k a year in adjusted net income which is the cut off point for reduced premiums. Hell low income households pay squat in premiums.


Ah you silly little Americans will never get it will you?


Greed and hubris my northern friend greed mostly there is the vile strain of stupidity that runs through this country that is propagated by a few rich billionaires sadly folks haven't figured out they aren't going to get rich if the guy at the top keep getting all the money. The mythic time they want to go back to had the tops tax rate pegged at 90 percent until Johnson closed loopholes and dropped the effective tax rate to the actual tax rate of 70 percent. They sort of ignore this fact.

So it boils down to greed.
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Posted 5/21/17 , edited 5/27/17

gvblackmoon wrote:



Greed and hubris my northern friend greed mostly there is the vile strain of stupidity that runs through this country that is propagated by a few rich billionaires sadly folks haven't figured out they aren't going to get rich if the guy at the top keep getting all the money. The mythic time they want to go back to had the tops tax rate pegged at 90 percent until Johnson closed loopholes and dropped the effective tax rate to the actual tax rate of 70 percent. They sort of ignore this fact.

So it boils down to greed.


Gotta love greed right. So many people thinking if they're assholes they'll make the big numbers to.
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