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Insurers warn losses from ObamaCare are unsustainable

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smartjuanxxx

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Insurers warn losses from ObamaCare are unsustainable

Health insurance companies are amplifying their warnings about the financial sustainability of the ObamaCare marketplaces as they seek approval for premium increases next year.

Insurers say they are losing money on their ObamaCare plans at a rapid rate, and some have begun to talk about dropping out of the marketplaces altogether.



“Something has to give,” said Larry Levitt, an expert on the health law at the Kaiser Family Foundation. “Either insurers will drop out or insurers will raise premiums.”
Click to expand...

http://thehill.com/policy/healthcare/276366-insurers-warn-losses-from-obamacare-are-unsustainable


We all knew this....it will implode AFTER he leaves office....DUMZ will blame a REPOH President

HE DOESNT CARE
 
Aetna CEO Mark Bertolini: $15 million
Bertolini's 2014 base salary was $996,169, according to Aetna's SEC filing. He also earned nearly $1.7 million in non-equity incentive plan compensation, nearly $400,000 in other compensation and close to $12 million in stock and option awards. Bertolini earned more than twice as much in 2013--$30.7 million--thanks to nearly $28 million in stocks and options.
Latest news: Latest Aetna marketing campaign targets LGBT community

Anthem CEO Joseph Swedish: $13.5 million
Swedish received a base salary of $1.25 million in 2014, according to Anthem's SEC filing. In addition, he earned more than $2.1 million in non-equity incentive plan compensation, about $140,000 in other compensation and $10 million in stock and option awards. Swedish earned nearly $17 million in 2013.
Latest news: Anthem CEO Joseph Swedish wants to change how we think about healthcare

Cigna CEO David Cordani: $14.5 milion
The Cigna SEC filing indicated that Cordani received a base salary of $1.125 million in 2014, along with $1.9 million in non-equity incentive plan compensation, about $240,000 in other compensation and $11 million in stock and option awards. This compares to $12.9 million in 2012 and $13.5 million in 2013.
Latest news: Cigna, SCAN join forces to offer group retiree Medicare Advantage plans in California

Humana CEO Bruce Broussard: $10.1 million
Broussard took home a base salary of more than $1.1 million in 2014, his first full year as both the company's CEO and president, according to Humana's SEC filing. He also earned nearly $1.7 million in non-equity incentive plan compensation, close to $600,000 in other compensation and about $6.75 million in stock and option awards. Broussard earned $8.8 million in 2013 and $2.8 million in 2012, his first full year as president of Humana.
Latest news: Humana CEO Bruce Broussard: 'Health should be easy'

UnitedHealth Group CEO Stephen Helmsley: $14.9 million
Helmsley's 2014 base salary was $1.3 million, according to UnitedHealth's SEC filing. On top of that, he earned nearly $4 million in non-equity incentive plan compensation, more than $100,000 in other compensation and about $9.5 million in stocks and options. Helmsley earned $12 million in 2013 and nearly $13.9 million in 2012.


The insurance companies are doing just fine.
 
smartjuanxxx said:
so the Oh Pee is a LIE?
Click to expand...

Ummm... the insurance companies are lobbying for increased premiums because they are losing money - while each of the top ten are paying their CEO's more than $10 million.


It seems intuitively obvious to me.
 
You have $100 dollars in your bank account. You take $99 out and put it in your pocket. Then scream, "OMG! I only have a dollar!!"

Lie?
 
Obamacare is like trying to make an omelette without breaking any eggs, the only way to make healthcare affordable and available for all is to do away with insurance providers altogether and have a single payer system.
 
kauen said:
Obamacare is like trying to make an omelette without breaking any eggs, the only way to make healthcare affordable and available for all is to do away with insurance providers altogether and have a single payer system.
Click to expand...

I'm nearly always wet...make of that what you will:rolleyes:

get outa da fucking shower
 
We are talking about 100 BILLION in revenue medical companies. Take away the salary of the top 10 executives and it is the equivalent of finding a penny in the couch cushions.

Not justifying their salary, just saying it does not affect the bottom line.

15 million salaries?

The pharmaceutical spend alone for a top US airline is 30mill a month.
 
Pashenry said:
Really you don't understand a possibly valid point. Then you make a mental health assesment. You should work as an actuary in an insurance company.
Click to expand...

Or it could be that you aren't making any effort to clarify your point so nobody has a clue what the fuck you're talking about.
 
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