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Another Sign ObamaCare Works: Wellpoint Boosts Profit Forecast
Ok so Wellpoint adds one million new customers many thanks to the ACA and as a publicly held company they are boosting their profits at the expense of government. I am wondering if you are a conservative if you are willing to move your health care out of BCBS-Wellpoint into a non-profit or another company due to the increasing government- socialism associated with the ACA? Remember open enrollment starts in November.
No surprise. Elizabeth Fowler, Chief Health Care Policy Counsel to the Senate Finance Committee, is viewed as the chief architect of the ACA legislation.
No surprise. Insurers exited many unprofitable markets and double-downed in profitable markets, large group healthcare plans. That Wellness administers many state Medicaid systems is a windfall.
I really think we are going to see more Kaiser like healthcare systems begin to emerge, whereby large branded hospital systems will offer plans directly to consumers and cut out the middleman, insurance companies.
Open enrollment for 2014 ends 3/31, unless it's extended. ( I would bet $ on it)
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