Obamacare Is a Money-Loser for Insurers, Who Are Giving Up

With almost $2 billion in losses this year, big insurance companies are pulling out of the health-care program. Bloomberg By Zachary Tracer August 17, 2016 — 5:00 AM EDT Last November, when UnitedHealth Group said it expected to post big losses on its Obamacare policies in 2016, rivals such as Anthem and Aetna signaled their… Read More

Aetna CEO Has `Serious Concerns’ About Obamacare Sustainability

by Zachary Tracer BLOOMBERG BUSINESS February 1, 2016 — 11:19 AM EST The head of the third-biggest U.S. health insurer said he has “serious concerns” about whether or not Obamacare’s new markets are sustainable, echoing criticism from other top for-profit insurers. “We continue to have serious concerns about the sustainability of the public exchanges,” Aetna… Read More

UnitedHealth Says N.Y. Obamacare Plans Could Be in Trouble

Bloomberg Business Zachary Tracer January 6, 2016 — 12:48 PM EST UnitedHealth Group Inc., the largest U.S. health insurer, said its rates for Obamacare plans in New York may be too low because the failure of a competing insurer last year might lead to shortfalls in payments designed to stabilize Obamacare markets. In states like… Read More

Republicans launch PPACA assault with part-time worker bill

BLOOMBERG BY ALEX WAYNE January 6, 2015 Republicans, newly in charge of the House and Senate, begin their campaign to dismantle PPACA with a vote this week to ease the law's requirement that large employers give health insurance to full-time workers. Under the Patient Protection and Affordable Care Act, companies with 50 or more employees… Read More