Poor babies. Obamacare exchanges reduced their profits to merely outrageous and disgusting. How will they ever survive?
By
bitching and pissing and moaning and holding their breath until they
turn blue in the hopes somebody will kill off that
health-care-for-everyone Affordable Care Act and let them get back to
fucking over everybody who is not a healthy 25-year-old and making
obscene profits at the expense of working people.
Governor Shitting His Pants to use this corporate fraud to justify killing off the last vestiges of kynect, along with the hundreds of thousands of Kentuckians who depend on it to keep them alive, in 3, 2, 1 ....
Aetna’s
announcement comes after UnitedHealth said in April it would be cutting
its marketplace involvement significantly, and Humana has also signaled
a retreat from ACA exchanges. All three decisions have prompted
Republicans to declare that Obamacare is failing and that they were
right all along. But experts say some of the criticisms miss the nuance
on what is actually driving the cutbacks.
“It’s
not a statement that the marketplaces can’t work or that they aren't
working," Linda Blumberg, a healthcare policy fellow at the Urban
Institute, told TPM. "It’s a statement that these insurers are by and
large not terribly competitive the way they came in, and if they are
going to make money in this market they're going to have restructure and
re-orient to the characteristics of what the consumers want.”
SNIP
Not
every carrier is struggling on the exchanges, and consumers’
willingness to shop around for deals has benefited insurers that offer
plans that are on the cheaper end.
“There
are insurance companies that are doing well and those are companies
that have experience serving a low-income population,” Cox said.
Many
of those carriers offer plans with narrow provider networks, while big
insurers like Aetna and UnitedHealth have tended towards broader
provider plans, which offer consumers more choices but at a higher cost.
“What
consumers are showing time and again on these marketplaces is that they
are very willing to trade a broad choice of providers for a low price,
and the carriers that figured that out early are the ones that seem to
be doing well,” said Sabrina Corlette, a research professor at the
Center on Health Insurance Reforms at Georgetown University's Health
Policy Institute.
There is the possibility
that the big insurers who are now pulling back will re-enter the
marketplaces once they're better equipped to meet its demands.
UnitedHealth, for instance, kept its new, more boutique-style
subsidiary, Harken Health in the Indiana and Georgia exchanges where the
insurer was otherwise withdrawing. It has signaled it could expand
Harken Health to Florida.
"I would expect
that, in a lot of those areas, they'll come back in. But they'll come
back in with different looking products that are more similar to the
ones that are competing well,” Blumberg said.
It's called competition, motherfuckers.