Aetna health insurance of Colorado to drop 1,000 businesses

[Doc Savage Fan]

It may or may not but it didn't help. As wolfe says Aetna is doing well nationally, but if the projected costs of business is expected to increase in an already marginal market, it should come as no surprise that they will leave.

Insurance companies employ a ton of actuaries to constantly evaluate each line of insurance in every state/region. My point is that what Aetna is doing is not uncommon within the insurance industry. Companies enter markets...companies leave markets...this has been going on for decades and decades. I believe that the only reason this is getting press right now is because of the timing related to pending healthcare changes.

Looks like healthcare premiums are going up a little more than normal this year...it appears that about 2% is due to the new healthcare legislation. But this is now...who knows what the future will bring. Perhaps Aetna's margin is so low that this 2% factored into their decision...I don't know. But I do know that they wouldn't leave a market without good reason as they have a considerable amount of investment in developing it in the first place.

 

[Hayabusa Rider]

This is what happens when you let businesses control peoples' access to health. Remember, Wellpoint's 2.5 billion dollars in profit a QUARTER was not enough profit for them.. they still needed to raise rates 25-39%.

If we used profits from young people to help old people, it would be system neutral. instead, for profit companies make a fortune covering only the young and healthy, we pay taxes for the old and unhealthy, and we pay insane premiums for any access to healthcare. Greed and profit is America's way.

Enjoy people. You deserve it. Go back to the republicans. No privacy in the bedroom, xenophobia, hate for teh gay, more wars in the middle east, trillion in debt for tax cuts for the rich. Enjoy more unregulated drilling in our waters. Enjoy the 10% unemployment. It is just the beginning.

So govco can't write a healthcare bill for shit, wants to expand a screwed medicaid program with no mention of reform and we should give demonstrated incompetents absolute irrevocable control because of "teh gay".

 

[Hayabusa Rider]

Insurance companies employ a ton of actuaries to constantly evaluate each line of insurance in every state/region. My point is that what Aetna is doing is not uncommon within the insurance industry. Companies enter markets...companies leave markets...this has been going on for decades and decades. I believe that the only reason this is getting press right now is because of the timing related to pending healthcare changes.

Looks like healthcare premiums are going up a little more than normal this year...it appears that about 2% is due to the new healthcare legislation. But this is now...who knows what the future will bring. Perhaps Aetna's margin is so low that this 2% factored into their decision...I don't know. But I do know that they wouldn't leave a market without good reason as they have a considerable amount of investment in developing it in the first place.

I agree. It's always a case by case issue. I suppose that the only way to make a global determination of the effects of legislation is trend over time.

 

[Turin39789]

what do you guys think? did they pull out due to reasons like they stated or is it really due to health care reform?

I imagine it is because of the reason they stated. It happens. I've worked for insurers who have pulled out of much larger markets/product offerings because they found they were not competetive.

 

[Fern]

I don't think you can rule out the HC bill as having a hand in this.

Either way I don't know if it will matter. I think whenever there's any kind of change like this people are just going to automatically think it has to do with Obama care.

Fern

 

[Pulsar]

People not reading the article and comprehending it? Yep.
People blaming Obama? Yep.
People blaming Bush? Yep.
People blaming a law that's barely even in effect yet? Yep.
DMcowen or Craig234 posting something that makes no sense? Yep.
People talking about an actual solution to health care costs? Nope.

Looks like the parties have successfully herded this group of sheep. Hey, in about 40 years when the currently crop retires they'll lead them all to the slaughter of social security and start with a fresh batch.

 

[Nemesis 1]

You blame the President just coz he is black. Xenophobe bigots like you need to get your head out of you a$$. Hope and change does not come over night or over two years. Bush was there for 8 years....

I believe in hope and change . But not from this admin. I also believe that you all deserve the hope and change you voted for . Choice can be a mistress who appeals to one side of your nature. But once you make that Choice (mistress) and make it (her) a part of your daily life. That choice (mistress) maybe totally differant than what you want . I have never seen a nation the deserves Obama as much as the USA. Ya made your bed now sleep in peace with the whore who lays motionless at your side . ^This has nothing to do with racism . Its about the biggest asswipe to ever live in the White House.

May Gods judgement be true and righteous, Justice preserved.

 

[Jhhnn]

They were no longer competitive because their rates were terrible and their coverage was even worse. Been through 2 companies that carried Aetna for a brief period, and they were by far the worse insurance plans I have ever been on.

Indeed. Aetna was one of the options with my employer for a single year, and anybody who took it regretted it deeply. If you think Righties have their panties in a knot over Obama, you should have seen how my coworkers felt about Aetna.

They just suck, and the Colorado market will be better off w/o them.