Aetna Pulling Back From Obamacare

Discussion in 'The War Room' started by Mark Hunts FIST, Aug 16, 2016.

  1. ucunc156

    ucunc156 Silver Belt

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    yeahhhhh thats on the company you work for (who I'm assuming is providing your insurance). My guess? Cost of your plan went up, company didn't want to absorb those costs since the most likely subsidize a part of the total plans cost, and so you got the shaft on plan coverage and cost with the company blaming obamacare.
     
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  2. Mark Hunts FIST

    Mark Hunts FIST Black Belt

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    Ok. are you suggesting that the government require Aetna to provide service in each and every Market?

    would you also require ALL insurance companies to provide services in every Market available?
     
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  3. ucunc156

    ucunc156 Silver Belt

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    Well I believe single payer is the best solution, so yes this moves closer to that.

    But I am suggesting more clearly that Aetna can't take the benefits of ACA (expanded customer base, increased profits overall) without taking some of the losses of ACA. The company I work for currently provides a product currently at a loss of millions to a customer because that customer is a 500 million dollar customer and maintaining that relationship is important. This kind of stuff happens all the time.
     
  4. X-Pac Rules

    X-Pac Rules MAKE SOME NOISE.

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    My insurance company was forced by Obamacare to drop my old plan because it didn't have some of the essential benefits that are required by every plan now (I don't exactly need coverage for prenatal and maternity but that's what the law says regardless of gender).
     
  5. X-Pac Rules

    X-Pac Rules MAKE SOME NOISE.

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    See my previous post.
     
  6. m52nickerson

    m52nickerson EXTERMINATE!

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    No it was not. You can read the text of the law and it clearly states that the minimum requirements were only for new plans. The thing the insurance companies figures out is that if they dropped the old plans for new ones with more coverage, they could also charge more.
     
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  7. X-Pac Rules

    X-Pac Rules MAKE SOME NOISE.

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    You got a source for that? I still have my cancellation letter and can scan it later on when I get home from work.
     
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  8. m52nickerson

    m52nickerson EXTERMINATE!

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    https://www.gpo.gov/fdsys/pkg/PLAW-111publ148/pdf/PLAW-111publ148.pdf


    PART II—OTHER PROVISIONS


    SEC. 1251. PRESERVATION OF RIGHT TO MAINTAIN EXISTING COVERAGE.

    (a) NO CHANGES TO EXISTING COVERAGE.—

    (1) IN GENERAL.—Nothing in this Act (or an amendment

    made by this Act) shall be construed to require that an individual

    terminate coverage under a group health plan or health

    insurance coverage in which such individual was enrolled on

    the date of enactment of this Act.

    (2) CONTINUATION OF COVERAGE.—With respect to a group

    health plan or health insurance coverage in which an individual

    was enrolled on the date of enactment of this Act, this subtitle

    and subtitle A (and the amendments made by such subtitles)

    shall not apply to such plan or coverage, regardless of whether

    the individual renews such coverage after such date of enactment.

    (b) ALLOWANCE FOR FAMILY MEMBERS TO JOIN CURRENT COVERAGE.—

    With respect to a group health plan or health insurance

    coverage in which an individual was enrolled on the date of enactment

    of this Act and which is renewed after such date, family

    members of such individual shall be permitted to enroll in such

    plan or coverage if such enrollment is permitted under the terms

    of the plan in effect as of such date of enactment.

    (c) ALLOWANCE FOR NEW EMPLOYEES TO JOIN CURRENT PLAN.—

    A group health plan that provides coverage on the date of enactment

    of this Act may provide for the enrolling of new employees (and

    their families) in such plan, and this subtitle and subtitle A (and

    the amendments made by such subtitles) shall not apply with

    respect to such plan and such new employees (and their families).


    http://obamacarefacts.com/grandfathered-plans/

    The text is directly from the law. If your insurance company told you they had to change their existing plans they lied to you and screwed you over.
     
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  9. X-Pac Rules

    X-Pac Rules MAKE SOME NOISE.

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    Thanks.
     
  10. lifelessheap

    lifelessheap Silver Belt

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    lmao, you don't understand anything. They don't operate in a free market and Obamacare is costing them billions. UHG lost like 5 BILLION dollars before they were forced to pull out of the shitty markets. None of the insurers wanted the ACA. It sucks for everyone.
     
  11. lifelessheap

    lifelessheap Silver Belt

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    There are simple workarounds where they can easily cancel your plan. Millions of people had plans get altered and then cancelled.
     
  12. m52nickerson

    m52nickerson EXTERMINATE!

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    Yes, they as in your insurance company. That's my point. It was not the law that had people losing plans, it was the insurance companies attempting to make more money.
     
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  13. phipps66

    phipps66 Purple Belt

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  14. panamaican

    panamaican Senior Moderator Staff Member Senior Moderator

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    Every time you reply to me, you lower my expectations of you.
     
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  15. Strychnine

    Strychnine Gold Belt

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    I meant the free market that is AMERICA.

    And it was still a hot sticky, wet, lube filled bajowski to the insurance industry so I'm not shedding tear one for them.
     
  16. scoopj

    scoopj ackson

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    Insurance companies were forced to "make more money" (revenue, not profit) out if necessity because the cost to insurers skyrocketed. Why? Because the sick and elderly love the idea of free healthcare and the average healthy, middle class worker hates the idea of paying for the sick and elderly to have free healthcare. It doesn't work, and it won't work the way it's currently designed.
     
  17. m52nickerson

    m52nickerson EXTERMINATE!

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    Earlier I posted a link showing Aetna had posted record profits for the company as a whole. You can go look and see just about every insurance company out there has done the same since the ACA. So in short, you are dead wrong.
     
  18. Obama is the greatest president since LBJ.


    Oh and Muslims built America!!
     
  19. fonzob1

    fonzob1 Red Belt

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    Obamacare is the single worst piece of legislation Congress has ever passed. I still can't believe Congress passed that piece of shit.
     
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  20. Hans Gruber

    Hans Gruber Gold Belt

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    They are losing money on the ACA portion though. They lost 200 million in the 2nd quarter alone.
     

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