Unithed Health Care Regrets Involvement in ObamaCare Exchanges (Corporate Profits, controversial, lobbyists)

[Ringo1]

Originally Posted by LetsRock

If a company is projected to earn $2 billion for its shareholders and only earn $1.5 billion then YES they lost $500 million.

WHICH the CEO took home in his pocket. He sure didn't suffer this year.

I'm curious if my rates will go DOWN once they leave the exchange. Will be interesting as this is my employers vendor of choice.

[le roi]

the ACA should have put the health insurers out of business to begin with. Their role can be filled more efficiently and effectively by the federal government.

[earthlyfather]

Actuarilly, statistics matter. Just like profits. Smart bets, good odds and cold blooded decision making matter. Successful folks get this. It is an interesting world.

[InformedConsent]

Originally Posted by LetsRock

If a company is projected to earn $2 billion for its shareholders and only earn $1.5 billion then YES they lost $500 million.

Exactly.

2014 profit: 4.31%
2015 Q3 profit: 3.90%

More on Obamacare problems, in general:

"Every health plan I talk to tells me that they don't expect their Obamacare business to be profitable even in 2016 after their big rate increases. That does not bode well for the rate increases we can expect to be announced in the middle of next year's elections.

And, then there are the insolvencies of 12 of the 23 original Obamacare co-op insurance companies--the canaries in the Obamacare coal mine--with almost all of the rest of the survivors losing lots of money.

Why is this happening?

Because nowhere near enough healthy people are signing up to pay for the sick."

UnitedHealth Group Losing Big Money and Leaving the Obamacare Exchanges--Because the Obamacare Insurance Business Model Does Not Work

[earthlyfather]

Bet you live with unicorns, too.

Originally Posted by le roi

the ACA should have put the health insurers out of business to begin with. Their role can be filled more efficiently and effectively by the federal government.

[le roi]

Originally Posted by earthlyfather

Actuarilly, statistics matter. Just like profits. Smart bets, good odds and cold blooded decision making matter. Successful folks get this.

Call me crazy, but I think American health outcomes should be a higher priority than health insurer profit margins and dividend rates.

[Spartacus713]

They are not the only ones. Atena will likely be the next one to bail, and that probably in 2016.

[DRob4JC]

Originally Posted by le roi

the ACA should have put the health insurers out of business to begin with. Their role can be filled more efficiently and effectively by the federal government.

Yeah - we can have it like the VA...

LOL... thanks for the laugh.

[greywar]

Originally Posted by earthlyfather

Bet you live with unicorns, too.

No, but they probably have seen the actual data and research showing the efficiency of it. Medicaress overhead is trivial

Other countries do this for half our costs. We're Americans, we can do better. Maybe you don't have faith in America, but I do.

[InformedConsent]

Originally Posted by Dane_in_LA

You inhabit an interesting world.

Loss of profit matters to investors, which include millions of American workers and retirees who have UNH and other insurance company stocks in their pension funds and retirement accounts.