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Posted: 2/15/2017 8:09:32 PM EDT
Aetna Inc. Chief Executive Officer Mark Bertolini escalated his criticism of the Affordable Care Act, saying Obamacare’s markets are nearing failure as premiums climb and healthier individuals drop out.

“It is in a death spiral,” Bertolini said in a video interview with the Wall Street Journal that aired Wednesday on the newspaper’s website. He predicted that more insurers will drop out of the market for 2018, following Humana Inc.’s decision to quit Obamacare entirely for next year.

Aetna, too, is mulling whether to further reduce its presence in the markets set up by the ACA. The company cut its footprint to four states for this year, from 15, after losing about $450 million on sales of ACA plans last year.

Bertolini has been saying for months that the ACA’s markets are deteriorating. In October, he said that rising rates would push healthy people away from Obamacare, leaving insurers with sicker customers, and forcing premiums even higher. The increasing burden of medical costs as fewer and fewer healthy customers enroll are among the conditions that create an insurance death spiral.

Some health-care experts have disputed the idea that Obamacare is experiencing a death spiral. Matthew Fiedler, a fellow with the Center for Health Policy at the Brookings Institution, says the small decline in Obamacare enrollment in 2017 compared to 2016 was probably not driven by climbing premiums. Most individuals get subsidies, helping cushion the effect of rising costs.

“Marketplace premium increases had little if any impact on marketplace sign-ups, providing strong evidence against claims that these increases would send the individual market into a death spiral,” he wrote in an analysis published Feb. 8 on the Brookings website.
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https://www.bloomberg.com/news/articles/2017-02-15/aetna-ceo-says-obamacare-in-a-death-spiral-with-sick-customers
Link Posted: 2/15/2017 8:11:00 PM EDT
[#1]
Math just is.
Link Posted: 2/15/2017 8:13:28 PM EDT
[#2]
Best thing to do is let it die an agonizing death, once & for all, & prove how much of a stinking pile of shit law it was.

No where to run. No where to hide. Then every time FBHO opens his shit covered mouth he can be reminded of how much he fucked this country & those that bought into his BS.
Link Posted: 2/15/2017 8:17:52 PM EDT
[#3]
It needs to be rescinded.

Reinstated Glass-Steagall!
Link Posted: 2/15/2017 8:29:37 PM EDT
[#4]
Discussion ForumsJump to Quoted PostQuote History
Quoted:
Best thing to do is let it die an agonizing death, once & for all, & prove how much of a stinking pile of shit law it was.

No where to run. No where to hide. Then every time FBHO opens his shit covered mouth he can be reminded of how much he fucked this country & those that bought into his BS.
View Quote


Yup, plus then it's not Trump or the Republicans fault.
Let it die on its own, and let the Democrats own it all.
Link Posted: 2/15/2017 8:35:06 PM EDT
[#5]
Discussion ForumsJump to Quoted PostQuote History
Quoted:
Math just is Racist
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If a white president had proposed universal health care, math would cooperate.

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