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Old 12-02-2015, 11:03 AM
 
Location: 500 miles from home
30,120 posts, read 16,639,284 times
Reputation: 22659

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Quote:
Originally Posted by LetsRock View Post
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.
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Old 12-02-2015, 11:03 AM
 
22,769 posts, read 26,233,440 times
Reputation: 14558
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.
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Old 12-02-2015, 11:07 AM
 
8,088 posts, read 4,425,207 times
Reputation: 3074
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.
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Old 12-02-2015, 11:08 AM
 
66,561 posts, read 30,379,078 times
Reputation: 8688
Quote:
Originally Posted by LetsRock View Post
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:
Quote:
"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
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Old 12-02-2015, 11:08 AM
 
8,088 posts, read 4,425,207 times
Reputation: 3074
Bet you live with unicorns, too.
Quote:
Originally Posted by le roi View Post
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.
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Old 12-02-2015, 11:09 AM
 
22,769 posts, read 26,233,440 times
Reputation: 14558
Quote:
Originally Posted by earthlyfather View Post
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.
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Old 12-02-2015, 11:09 AM
 
10,811 posts, read 4,038,288 times
Reputation: 5244
They are not the only ones. Atena will likely be the next one to bail, and that probably in 2016.
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Old 12-02-2015, 11:10 AM
 
Location: Gulf Coast Texas
28,516 posts, read 15,470,727 times
Reputation: 11420
Quote:
Originally Posted by le roi View Post
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.
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Old 12-02-2015, 11:10 AM
 
26,304 posts, read 12,865,645 times
Reputation: 12551
Quote:
Originally Posted by earthlyfather View Post
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.
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Old 12-02-2015, 11:10 AM
 
66,561 posts, read 30,379,078 times
Reputation: 8688
Quote:
Originally Posted by Dane_in_LA View Post
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.
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