Friday, January 25, 2013

Another One (or Two) Bites the Dust

About those Obamacare health insurance exchanges  . . .

As we get closer to the starting date it seems more carriers are getting cold feet, or at least indicating a very limited interest in playing the Obamacare game.

Aetna has already declared that they do not believe their future is selling health insurance coverage in an environment where margins and profits are regulated by an 85% medical loss ratio. They believe their revenues and earnings growth will be from the sale of their intellectual and system assets to the ACOs and exchanges and from offshore opportunities. Cigna has expressed similar strategies.”

If this trend continues, and it will, no doubt the regime will blame the insurance carriers, Republicans and Bush.

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