ObamaCare Causing Big Problems for Insurer Humana
Brace yourselves for yet another story of massive chaos
created by ObamaCare. This time, it's
the insurer Humana that is in trouble:
Humana Inc. has added its name to the list of mega-medical
insurers to report big problems under ObamaCare.
The Louisville, Ky.- based company does not expect to make
enough money this year in premiums from individual plans to cover what it will
pay out in claims, according to a regulatory filing made last week with the
U.S. Securities and Exchange Commission.
If this kind of problem sounds familiar, that's because it
should:
Last year, UnitedHealth's CEO announced $425 million in
losses and warned it may walk away from the health care exchanges altogether.
UnitedHealth is the largest insurer in the country.
Many industry watchers warn the threat from the nation's
largest insurer is just the beginning.
So far, ObamaCare has caused disruption in the health care
coverage of millions of Americans when their plans were cancelled. Now, it's beginning to look like more and
more insurance companies will have a hard time staying afloat under the
mandates of ObamaCare. That means that
millions more are going to be added to the rolls of those harmed by ObamaCare.
Comments
These
insurance companies deserve these losses.
They bought all the lies it took to build Obamacare. They should sue the
Democrats for malpractice. Any attempt to bail these idiots out should be
stopped in its tracks.
The
insurance industry is a single cell animal with no brain and 3 working parts.
Government can screw up a one car parade.
Insurance
was invented as a cash-flow strategy. If you had the cash to take a loss and
replace the loss yourself, you didn’t need insurance. Healthcare insurance has
become unsustainable because of outrageous hospital, drug and treatment bills. If
treatment costs are no reduced, the entire scam will continue to implode.
Norb
Leahy, Dunwoody GA Tea Party Leader
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