The health insurance companies are getting out of the states which had the bad risk pool. Aetna will go from 15 states down to 4. The government new there could be winners and losers for the companies selling policies on the government exchanges. That is why the risk corridors were put in place for 4 years. Your hero Bush 43 signed the same thing into law for Medicare Part D, idiot. The government exchanges will be open for business in 2017. In your home state of Kentucky 300,000 people got health insurance for the very first time, because of the ACA. You may not give a sh*t if your neighbor has health insurance or not., that's okay. The ACA law is allowing more people (plus 20 million) to be covered. Your problem hillbilly is that your dumb ass doesn't understand a fuck*ng thing about health insurance.
http://www.fool.com/investing/2016/0...t-its-way.aspx
Originally Posted by flghtr65
It appears by your post that you are showing that WK is correct in his supposition. If one reads your article and dissects it, it shows these companies are pulling out because they in effect are "going bust" (hence the reason everyone else's insurance has jumped exponentially since '09).
From your article:
"Aetna estimates it will lose $300 million on the exchanges this year; Humana expects to lose a few hundred million, too. And, the nation's largest insurer, UnitedHealth Group, expects to lose a half of a billion dollars on the exchanges this year. Given the size and scope of these losses, it's easy to see why insurers are curtailing their participation in Obamacare".
From another article:
UnitedHealthcare, Wellcare, and Aetna leaving at year-end
At the end of 2016, UnitedHealthcare will exit the Kentucky exchange, including both the individual and small business (SHOP) exchange. They will also exit the individual market in Kentucky outside the exchange, although they will continue to offer small group plans outside the exchange. 2016 is the first year that United has offered plans in the Kentucky exchange (more details below in the rates section).
United is exiting the individual markets in the vast majority of the states where they currently offer exchange plans. Their announcement did not come as a surprise, as United had already said publicly – in November 2015 – that they might not participate in the exchanges in 2017 due to unsustainable losses.
According to a Kaiser Family Foundation analysis, United’s exit will have and impact on plan availability, since they currently offer plans state-wide. But there are no areas in Kentucky where United offers either of the two lowest-priced silver plans, which tend to be the most popular with exchange enrollees (during the 2016 open enrollment period, 60 percent of Kentucky exchange enrollees picked silver plans).
Wellcare’s website has a notice for marketplace members, letting them know that their coverage will end December 31, 2016, and that they’ll need to enroll in a new plan during open enrollment.
Aetna will exit the exchange in Kentucky, where they offered plans in 10 counties in 2016. But they will continue to offer off-exchange plans in the state.
For all these "impoverished folks' that have to pay for their insurance that does absolutely nothing for them until they have met an astronomical deductible and puts them further into a hole, I say "why did we not just give them the Medicaid that was already in place"? My first thought is Obama wanted his legacy first and foremost with absolutely no thought of "We the People". History will show what that "legacy" will do for him.