Aetna refuses president's request | World Politics Forum

pjohns1873
Columnist

Posts: 1,329

Aetna refuses president's request Dec 17, 2013 6:01:07 GMT

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Post by pjohns1873 on Dec 17, 2013 6:01:07 GMT

Aetna--the nation's third-largest healthcare insurer, with 50.5 million policyholders--has now declined to reinstate those policies scheduled to be canceled soon.

A bit from a Reuters article on the subject:

NEW YORK (Reuters) - Aetna Inc has decided not to reinstate or extend individual health insurance plans that are being canceled with the advent of the U.S. Affordable Care Act because the time frame is too short.

Aetna is the largest insurer yet to announce a decision on how it would proceed across the United States after President Barack Obama said last month that insurers could extend these health plans under a temporary transitional policy.

Aetna's move means that some consumers, who are required to have health insurance in 2014 or pay a fine, will need to buy a new plan for 2014. Aetna CEO Mark Bertolini made the comments at an investor meeting on Thursday.

Here is a link to the full article: Aetna will not reinstate individual insurance plans: CEO - Business - US business - Earnings | NBC News

ShivaTD
Essayist

Posts: 2,969

Politics: Libertarian

Aetna refuses president's request Dec 18, 2013 18:08:08 GMT

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Post by ShivaTD on Dec 18, 2013 18:08:08 GMT

Not surprising as decisions made by the Board of Directors that are in the best interests of the enterprise are rarely reversed based upon a "president" of the enteprise that is two management levels below the Board (i.e. the CEO, COO, and CFO are above the president in a corporation). Of course the "individual insurance policies" being canceled are a very small part of Aetna's business and they're not very cost effective from an insurance perspective.

We can also note that unemployment and the 2008 Recession has resulted in far more of a loss of health insurance coverage than all of the privately held insurance policies combined. We might also note that because of federal subsidies a person is typically going to "pay less out of pocket" for their health insurance than they paid for their private policies. A large percentage of those that lose their private insurance will actually benefit by coverage on the isurance exchanges under "Obamacare" but few want to address that fact.

Of course with the federal subsidies also comes a need for higher taxation of the upper 50% of income earners that ultimatelly need to pay for Obamacare. The average person isn't "hurt" but high income individuals eventually might have to pony-up and carry the same tax burden that workers in America have to carry.

You give a pothead marijuana with nothing to smoke out of and suddenly they become engineers.

JP5
Reporter

Posts: 713

Aetna refuses president's request Dec 27, 2013 4:55:18 GMT

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Post by JP5 on Dec 27, 2013 4:55:18 GMT

Thank God. It's about time we see some people with the "b's" to stand up to this Dictator who thinks he can write and re-write laws with the stroke of his pen. Obama has jerked the healthcare companies around many times during this fiasco....and it's about time they stand up to him. I applaud Aetna and believe we'll be seeing many more following suit. I certainly hope so.

Obama has been in WAY over his head since he got in to office and hasn't a clue what he's doing. Or maybe his goal really is to take down the country. Hopefully we can survive 3 more years of this B.S. before he does just that. That is how bad I think it is right now........unfortunately.

Last Edit: Dec 27, 2013 4:58:25 GMT by JP5

"If you like your doctor, you will be able to keep your doctor, period. If you like your health-care plan, you'll be able to keep your health-care plan, period. No one will take it away, no matter what." Pres. Barack Obama 2009

iolo
Contributor

Posts: 210

Aetna refuses president's request Dec 27, 2013 14:03:43 GMT

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Post by iolo on Dec 27, 2013 14:03:43 GMT

Dec 27, 2013 4:55:18 GMT JP5 said:

Thank God. It's about time we see some people with the "b's" to stand up to this Dictator who thinks he can write and re-write laws with the stroke of his pen. Obama has jerked the healthcare companies around many times during this fiasco....and it's about time they stand up to him. I applaud Aetna and believe we'll be seeing many more following suit. I certainly hope so.

Obama has been in WAY over his head since he got in to office and hasn't a clue what he's doing. Or maybe his goal really is to take down the country. Hopefully we can survive 3 more years of this B.S. before he does just that. That is how bad I think it is right now........unfortunately.

Well, it must be difficult for any normal capitalist politician to deal with the race-hate of Nazi madmen disguised as normal politicians.