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Old 10-25-2016, 05:56 PM
 
Location: new yawk zoo
8,639 posts, read 11,003,911 times
Reputation: 6303

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Quote:
Originally Posted by pghquest View Post
Which makes absolutely no sense, given their deductibles are sky high, and premiums are skyrocketing. You'd think their profits were through the roof..

Ooh wait, ACA capped profits, thereby making sure insurance companies have no incentives to enter the marketplace, thereby reducing the profits, and payments, are also capped because government pays most of the newly insured costs..
So why bail out? Aetna and United Heathcare/Oxford is in the money losing business? They have shareholders to appease....not ACA.
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Old 10-25-2016, 05:59 PM
 
69,368 posts, read 63,901,626 times
Reputation: 9383
Quote:
Originally Posted by sirtiger View Post
So why bail out? Aetna and United Heathcare/Oxford is in the money losing business? They have shareholders to appease....not ACA.
Because profits are capped and the subsidies arent enough to cover the overhead.. the removal of caps, the preexisting conditions, adding up to 26 year olds without any additional revenue to cover the risk etc... And the expanded benefits, that arent paid for.. there is no choice but to raise premiums..
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Old 10-25-2016, 06:02 PM
 
Location: new yawk zoo
8,639 posts, read 11,003,911 times
Reputation: 6303
Quote:
Originally Posted by pghquest View Post
Because profits are capped and the subsidies arent enough to cover the overhead.. the removal of caps, the preexisting conditions, adding up to 26 year olds without any additional revenue to cover the risk etc... And the expanded benefits, that arent paid for.. there is no choice but to raise premiums..
As i said, they claim they are losing billions. Insurance firms aren't in the money losing business.
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Old 10-25-2016, 06:04 PM
 
69,368 posts, read 63,901,626 times
Reputation: 9383
Quote:
Originally Posted by sirtiger View Post
As i said, they claim they are losing billions. Insurance firms aren't in the money losing business.
They are stopping to do business in many areas.. Why do you suppose they are doing that ?
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Old 10-25-2016, 06:05 PM
 
Location: Tampa, FL
27,798 posts, read 32,268,082 times
Reputation: 14611
Aetna is bleeding from the lack of profits. So much that its CEO is on foodstamps.

Aetna CEO Compensation Rises on Higher Stock, Option Awards - WSJ

Aetna Inc. Chief Executive Mark T. Bertolini’s compensation was valued at $17.3 million last year, up from $15.1 million in 2014, reflecting higher stock and option awards.
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Old 10-25-2016, 06:08 PM
 
Location: new yawk zoo
8,639 posts, read 11,003,911 times
Reputation: 6303
Quote:
Originally Posted by BucFan View Post
Aetna is bleeding from the lack of profits. So much that its CEO is on foodstamps.

Aetna CEO Compensation Rises on Higher Stock, Option Awards - WSJ

Aetna Inc. Chief Executive Mark T. Bertolini’s compensation was valued at $17.3 million last year, up from $15.1 million in 2014, reflecting higher stock and option awards.
That is foodstamp money compared to United Healthcare CEO big bucks. CEO made like 70 mil or 100 mil the other year.
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Old 10-25-2016, 06:13 PM
 
69,368 posts, read 63,901,626 times
Reputation: 9383
Quote:
Originally Posted by BucFan View Post
Aetna is bleeding from the lack of profits. So much that its CEO is on foodstamps.

Aetna CEO Compensation Rises on Higher Stock, Option Awards - WSJ

Aetna Inc. Chief Executive Mark T. Bertolini’s compensation was valued at $17.3 million last year, up from $15.1 million in 2014, reflecting higher stock and option awards.
Ooh lookie, bucfan doesnt understand how it works, as no liberal ever does..

Aetnas CEO paycheck comes out, AND THEN the profits are looked at.. The more ACA capped profits, the higher the incentive is to pay it out in incentives to the management..
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Old 10-25-2016, 06:17 PM
 
17,344 posts, read 9,161,723 times
Reputation: 11790
I've said all along - the REAL "October Surprise" is the ObamaCare Insurance Notice that comes right before the Election. Trump supporters and Republicans have 'whined' for months that Trump didn't talk enough about ObamaCare. He KNEW that the time to talk about it was when that Insurance Notice came in the Mail. People and the Media have ignored the Disaster of ObamaCare for years ..... hard to hide it now that the Notice is just hitting homes across the Nation and they are forced to actually look at how it effects the Economy and Personal expenses.

Pretty hard to ignore it when the Bill is facing you. It's a Time for Choosing.
More of the Status Quo? Hillary says she will Double Down on ObamaCare - OR
Real Change?
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Old 10-25-2016, 06:22 PM
 
Location: Tampa, FL
27,798 posts, read 32,268,082 times
Reputation: 14611
Quote:
Originally Posted by sirtiger View Post
That is foodstamp money compared to United Healthcare CEO big bucks. CEO made like 70 mil or 100 mil the other year.
when they fire CEOs, they give them packages worth over $100 mil severance.....
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Old 10-25-2016, 06:29 PM
 
69,368 posts, read 63,901,626 times
Reputation: 9383
Quote:
Originally Posted by BucFan View Post
when they fire CEOs, they give them packages worth over $100 mil severance.....
But ACA was supposed to fix all of that.. bahahaha..
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