UnitedHealth says Obamacare is costing it billions

[AlexVega]

Clearly not good news for the US economy or the American working family. What's left of the working class will be forced to support those like Rob, Sean, and the many other pro Obamacare people.

When will the Obama people pay their fair share? Enough is enough.

Greed is not good, not even in the name of Obama.


http://www.msn.com/en-us/money/companies/unitedhealth-says-obamacare-is-costing-it-billions/ar-BBou9kc?ocid=spartanntp

UnitedHealth Group warned nearly two months ago that new customers from the Affordable Care Act exchanges would hurt the insurer’s bottom line, but it looks like it misestimated by how much as enrollments exceeded expectations.

UnitedHealth, the U.S.’s largest insurer, says it will incur as much as $100 million more in losses associated with 2016 ACA plans than previously forecast. That brings total ACA plan loss projections for its new fiscal year to more than $500 million, up from previous estimates of $400 million to $425 million.

The company said it would reconsider its participation in the government-mandated exchanges, according to statements made during UnitedHealths earnings Tuesday.

“By mid-2016 we will determine to what extent, if any, we will continue to offer products in the exchange market in 2017,” said Dave Wichmann, president and CFO of UnitedHealth.

UnitedHealth reported losses of $720 million last year related to exchange enrollees, including $245 million for advance recognition of 2016 losses that aren’t included in the total estimated losses for this year. That means that UnitedHealth is expected to lose up to $745 million due to its 2016 ACA enrollees.

While that’s a hefty amount of money, exchange plans are a small fraction of UnitedHealth’s total business. The insurer still estimates that its adjusted earnings per share this year will be between $7.60 and $7.80 on $180 billion in revenue. The exchange-related losses also don’t seem to bother investors. UnitedHealth’s stock is up 3.1% since Friday’s close.

 

[Sean]

What do you do, Jen?

 

[richard_daily]

Clearly not good news for the US economy or the American working family. What's left of the working class will be forced to support those like Rob, Sean, and the many other pro Obamacare people.

When will the Obama people pay their fair share? Enough is enough.

Greed is not good, not even in the name of Obama.


http://www.msn.com/en-us/money/companies/unitedhealth-says-obamacare-is-costing-it-billions/ar-BBou9kc?ocid=spartanntp

"Billions", huh?

 

[AlexVega]

"Billions", huh?

Cut and paste ... what they said. go to United Health care website but I know how you hate dealing with the facts and the reality that Obamacare is a disaster in waiting.

 

[BotanyBoy]

Sweet, maybe it will eat shit and we can finally get some HC.

 

[AlexVega]

Sweet, maybe it will eat shit and we can finally get some HC.

yes you will be eating shit if they tank. The reality is this. The foundation of Obamacare is cracking and the 'building' will implode.

 

[richard_daily]

Cut and paste ... what they said. go to United Health care website but I know how you hate dealing with the facts and the reality that Obamacare is a disaster in waiting.

You posted it, particularly the thread title. Are you saying you're too stupid to read what you post?

 

[BotanyBoy]

yes you will be eating shit if they tank.

No I won't....I have that good government shit that senators and presidents have.

The reality is this. The foundation of Obamacare is cracking and the 'building' will implode.

Oh totally....and then maybe we can do HC reform correctly.

 

[AlexVega]

You posted it, particularly the thread title. Are you saying you're too stupid to read what you post?

Read it Richard, fact is Obamacare is failing.

 

[AlexVega]

No I won't....I have that good government shit that senators and presidents have.



Oh totally....and then maybe we can do HC reform correctly.

Reform would be great. Remove the barriers and open everything up to competition. End having 50 or so "Blue Cross" companies and have just one. Allow insurance companies to sell in any state. End the monopolies that hospital have on the market. Make health care compete so that the price of an aspirin isn't $199

 

[richard_daily]

Read it Richard, fact is Obamacare is failing.

So you are too stupid to read what you post (including the thread title).

Good to know.

 

[AlexVega]

So you are too stupid to read what you post (including the thread title).

Good to know.

Focus inward Richard. Spend less time on me and more on self improvement.

 

[someoneyouknow]

Obamneycare may be a nightmare, being forced to hand over one's money to a private company just because, but I have no sympathy for any insurance company. They are nothing but leeches, the greatest scam ever perpetrated.

I have a small medical issue, nothing major, certainly not life threatening, yet I'm supposed to convince my insurance company it's a medical necessity before they'll pay the costs.

Mind you, I and my employer pay thousands of dollars every year to get me insurance, and over time have paid out tens of thousands of dollars to this company, but the moment I want to use some of that "insurance" I'm the one who has to make the case that going to a medical professional to have a horrifically minor issue taken care of is something they should pay for. Not to mention I have to go to my doctor first, and pay even more money to have them tell the company to cover me.

Screw them. It's about time they do what we're paying them to do.

 

[BotanyBoy]

Reform would be great.

Mmmhmm...need that UHC.

Remove the barriers and open everything up to competition.

Why? We tried that it sucks ass and is expensive as fuck.

 

[AlexVega]

Mmmhmm...need that UHC.



Why? We tried that it sucks ass and is expensive as fuck.

No, Universal Healthcare has been proven to be a failure.

 

[BotanyBoy]

No, Universal Healthcare has been proven to be a failure.

Only in the minds of US conservatives.

In reality the rest of the 1st world is getting more for half the price or less with it and the only argument you and the GOP have is "It's socialism" as if that some how makes it not a better deal.

 

[Aglaopheme]

So basically that article says that the ACA is working exactly as it should. Yay enrollment has exceeded their expectations. The poor company only has $180 billion in revenue, but they are still intent on dissuading more people from getting health insurance.

 

[abelle]

This isn't an Obamacare issue. It is United Healthcare needing to be better at math. Obamacare just handed them millions of new customers. They gave out policies that lost them money.

Anyone who says that everyone I'll have to pay for every poor persons insurance is an idiot. We were already doing it cause these people were going to the ER and paying nothing. We all picked up that cost. Now people have insurance and can go to a doctor and it will cost less.

Plus, who expected this to work perfectly in 1 year? No one. Let the market work itself out. I thought republicans were supposed to be the capitalists.

 

[BoyNextDoor]

They are a publicly traded company. Have a look at their 10-Q


Then tell me that the ACA is costing them billions. They returned 30% more dividends per share under the ACA, then the previous year.

 

[BotanyBoy]

Now people have insurance and can go to a doctor and it will cost less.

Unless you're not old and or sick...then it won't cost less.

If I weren't given pimp shit insurance from the gov I'd just pay the fee, fuck buying insurance LOL you people who do are fucking idiots.

 

[AlexVega]

So basically that article says that the ACA is working exactly as it should. Yay enrollment has exceeded their expectations. The poor company only has $180 billion in revenue, but they are still intent on dissuading more people from getting health insurance.

So, you support people being on welfare.

 

[AlexVega]

This isn't an Obamacare issue. It is United Healthcare needing to be better at math. Obamacare just handed them millions of new customers. They gave out policies that lost them money.

Anyone who says that everyone I'll have to pay for every poor persons insurance is an idiot. We were already doing it cause these people were going to the ER and paying nothing. We all picked up that cost. Now people have insurance and can go to a doctor and it will cost less.

Plus, who expected this to work perfectly in 1 year? No one. Let the market work itself out. I thought republicans were supposed to be the capitalists.

Obamacare is the issue. Due to Obama ignorance he went about it all wrong. False logic but nice try.

 

[abelle]

Unless you're not old and or sick...then it won't cost less.

If I weren't given pimp shit insurance from the gov I'd just pay the fee, fuck buying insurance LOL you people who do are fucking idiots.

Going to the doctor will cost less than those people going to the ER.

 

[abelle]

They are a publicly traded company. Have a look at their 10-Q


Then tell me that the ACA is costing them billions. They returned 30% more dividends per share under the ACA, then the previous year.

Winner winner chicken dinner!

 

[BotanyBoy]

Going to the doctor will cost less than those people going to the ER.

ER is free bro....give Obamacare a 300 dollar fine and ride that hoe.

Vs what....300-500 bucks a month + a deductible to see your 'primary care' doc to get an apt with another doc who also wants 500-1500 bucks.

Next year or 2018 w/e it's supposed to go to like 690 bucks or 2% of your taxable income whichever is more.

Which means unless you're making some decent cheese, have a job that pays all this shit for you without dinging your paycheck, or sick as fuck it's just cheaper to pay the fine and fuck all that ACA bullshit.

ACA did nothing to reduce the cost of HC in the US, it just broadened the insurance companies power to use the government as their personal extortion service.