HOW’S THAT OBAMACARE HOPEY, CHANGEY STUFF WORKING OUT FOR YA AMERICA?
UnitedHealth Group plans to withdraw from many Obamacare exchanges leaving them only in a handful of states. Due to tremendous loses UnitedHealth plans to withdraw from health insurance marketplaces in Arkansas, Michigan, Connecticut and parts of Georgia. They are expected to lose $650 million in the exchanges in 2016 and due to these deep loses may leave the Obamacare exchanges altogether in 2017. We warned you from the outset of this fool-hearty, government take over of healthcare that Obamacare was a lie and affordable. The fact that Obamacare is really called the Affordable Health Care Act may just be one of the greatest lies and hoaxes every perpetrated on the American People. Recently insurance carriers warned that Obamacare was unsustainable.
As the Right Wing News opines, “If only someone had predicted this …”.
UnitedHealth Group, the nation’s largest health insurer, said Tuesday that in 2017 it will exit most of the 34 states where it offers plans on the Affordable Care Act insurance exchanges.
“We will be down to a handful of states that we will be actively participating in the exchanges,” Stephen J. Hemsley, chief executive officer of UnitedHealth Group said in an earnings call, noting that the small market size and greater expense of patients insured through the marketplaces led the insurer to make the decision.
UnitedHealth plans to withdraw from health insurance marketplaces in Arkansas, Michigan, Connecticut and parts of Georgia. The decision is a sequel to an announcement by executives late last year that the insurer had suffered financial losses and might leave the health exchanges altogether in 2017. UnitedHealth reported that it expects to lose $650 million in the exchanges in 2016.
Prior to the call, the Obama Administration attempted to downplay any departures from UnitedHealth.