Aetna CEO Threatened ACA Pullout If Feds Opposed Merger-now says Obamacare in Death Spiral

[Jimbo101]

Wow - it's like he's psychic (/s)

Huffington Post (8/18/2016)

Aetna CEO Threatened Obamacare Pullout If Feds Opposed Humana Merger

"It is very likely that we would need to leave the public exchange business entirely and plan for additional business efficiencies should our deal [Humana Merger] ultimately be blocked."



Aetna CEO: Obamacare markets are in a 'death spiral'

Politico (2/15/2017)

Obamacare is in a “death spiral,” the influential CEO of Aetna, Mark Bertolini, declared Wednesday morning.

Bertolini’s doomsday prophesy: More insurers will pull out of the government-run marketplaces in the coming weeks and many areas will have no insurers to provide Affordable Care Act coverage in 2018.

“It’s not going to get any better; it’s getting worse,” Bertolini said in an interview at a Wall Street Journal event. But he declined to say whether Aetna would completely pull out of Obamacare markets next year.

[SHRED]

1. It's Trumpcare now.

Period!

[yallerdawg]

2. Yeah, it's a contrived death spiral.

Guaranteed 15-20% profit margins in just this sector of private insurance is too much to bear!

What this has all proven is unregulated private-sector healthcare and private-sector health insurance are unaffordable and unsustainable.

Go ahead, Republicans! Watch the next backlash!

[dalton99a]

3. +1