There needs to be a law that returns a percentage of those monies to the insured members to lower premiums. This is obscene in realizing this is health care. Shame on them.
This is NOT socialism. This is capitalism at it's worse. That is just disgusting. If not to lower premiums, then subsidize hospitals to assist their costs or need for new equipment like an MRI. They do something for health care. Either improve the hospital services or provide lower premiums. If I remember right, Anthem has a really large enrollment, something like 888,000 people. Now some are children with families, but, $1.2 billion and leaving a modest profit margin, that would be a reduction for the next quarter of about a dollar per person. It would be better if all the member hospitals received stipends requiring it to benefit the quality of patient care.
I am fairly sure Anthem is Blue Cross, Blue Shield.
By Susan Morse
Profit soared by 234 percent to $1.2 billion (click here) in Anthem's fourth quarter, compared to $368 million for the same period last year, according to the insurer's earnings report Wednesday.
Full year 2017 financial results were also strong. Anthem reported a 55 percent increase in net profits year-over-year of $3.84 billion, compared to $2.47 billion in 2016....
Aetna did well, but, it's CEO stated it would lose money on Obamacare and it would exit the plans at the end of 2017. So, let's see if the CEO lost money by the end of 2017.
August 3, 2017
By Caroline Humer
Aetna Inc reported a higher-than-expected quarterly profit on Thursday as member health costs were lower than anticipated and it benefited from exiting most of its Obamacare individual insurance markets this year.
Shares of Aetna rose 2.5 percent to $158.54, helped by stronger results not only for individual insurance but also in its small and large business division and in its government-backed Medicaid and Medicare segments. The company raised its full-year earnings outlook....
I'll be darn, tragedy did not occur at Aetna. And guess what, Aetna still participates in Healthcare Exchanges except in some western states where they are chocked off by the insurance commissioner. See, that is the real issue, not the Obamacare healthcare program, but, the INDIVIDUAL STATE COMMISSIONERS and how they limit the attractiveness of the exchanges. It is politics, not health care.
January 30, 2018
Hartford,–Aetna (NYSE: AET) announced fourth-quarter 2017 (click here) net income of $244 million, or $0.74 per share. Adjusted earnings for fourth-quarter 2017 were $411 million, or $1.25 per share. Full-year 2017 net income was $1.9 billion, or $5.68 per share. Full-year 2017 adjusted earnings were $3.3 billion, or $9.86 per share.
“Aetna’s strong 2017 results demonstrate the power and versatility of our core businesses,” said Mark T. Bertolini, Aetna chairman and CEO. “As we progress toward completing our pending transaction with CVS Health, we remain focused on serving our members and delivering on our strategic and financial objectives. We are confident that the combined entity will deliver a better health care experience by improving access to affordable health care and coordination of health services in communities across the country....
This is Aetna's healthcare website. (click here) It provided an agenda for the company. Look close:
"Healthcare Reform"
Encourage competition
Promote innovation
Make health care more affordable
Strengthening Medicare and other health programs
Improving tax policy
Expanding provider collaborations
Improving care through health information technology
We are committed to helping you understand the impact of the ACA. passed in 2010, the law says in part:
Almost everyone must get health insurance.
Nobody can be turned down.
People can buy a health plan in a new way: on a state or federal exchange.
In some cases, the government may help pay for health coverage.
Larger employers must provide health insurance or pay a penalty.
Small employers can buy coverage on the health insurance exchanges.
The best part is at the bottom of that e-page.
Copyright © 2018 Aetna Inc.
So, it seems as though Aetna with it's doom and gloom CEO forecast, in 2018 is still proud to be a part of Obamacare. I'll be darn.
I am not going to go through every healthcare company in the country. These are two examples of large companies and they are doing far better than okay, they are doing great. And, by the way, this proves unequivocally Obamacare is here to stay.
Full year 2017 financial results were also strong. Anthem reported a 55 percent increase in net profits year-over-year of $3.84 billion, compared to $2.47 billion in 2016....
Aetna did well, but, it's CEO stated it would lose money on Obamacare and it would exit the plans at the end of 2017. So, let's see if the CEO lost money by the end of 2017.
August 3, 2017
By Caroline Humer
Aetna Inc reported a higher-than-expected quarterly profit on Thursday as member health costs were lower than anticipated and it benefited from exiting most of its Obamacare individual insurance markets this year.
Shares of Aetna rose 2.5 percent to $158.54, helped by stronger results not only for individual insurance but also in its small and large business division and in its government-backed Medicaid and Medicare segments. The company raised its full-year earnings outlook....
I'll be darn, tragedy did not occur at Aetna. And guess what, Aetna still participates in Healthcare Exchanges except in some western states where they are chocked off by the insurance commissioner. See, that is the real issue, not the Obamacare healthcare program, but, the INDIVIDUAL STATE COMMISSIONERS and how they limit the attractiveness of the exchanges. It is politics, not health care.
January 30, 2018
Hartford,–Aetna (NYSE: AET) announced fourth-quarter 2017 (click here) net income of $244 million, or $0.74 per share. Adjusted earnings for fourth-quarter 2017 were $411 million, or $1.25 per share. Full-year 2017 net income was $1.9 billion, or $5.68 per share. Full-year 2017 adjusted earnings were $3.3 billion, or $9.86 per share.
“Aetna’s strong 2017 results demonstrate the power and versatility of our core businesses,” said Mark T. Bertolini, Aetna chairman and CEO. “As we progress toward completing our pending transaction with CVS Health, we remain focused on serving our members and delivering on our strategic and financial objectives. We are confident that the combined entity will deliver a better health care experience by improving access to affordable health care and coordination of health services in communities across the country....
This is Aetna's healthcare website. (click here) It provided an agenda for the company. Look close:
"Healthcare Reform"
Encourage competition
Promote innovation
Make health care more affordable
Strengthening Medicare and other health programs
Improving tax policy
Expanding provider collaborations
Improving care through health information technology
We are committed to helping you understand the impact of the ACA. passed in 2010, the law says in part:
Almost everyone must get health insurance.
Nobody can be turned down.
People can buy a health plan in a new way: on a state or federal exchange.
In some cases, the government may help pay for health coverage.
Larger employers must provide health insurance or pay a penalty.
Small employers can buy coverage on the health insurance exchanges.
The best part is at the bottom of that e-page.
Copyright © 2018 Aetna Inc.
So, it seems as though Aetna with it's doom and gloom CEO forecast, in 2018 is still proud to be a part of Obamacare. I'll be darn.
I am not going to go through every healthcare company in the country. These are two examples of large companies and they are doing far better than okay, they are doing great. And, by the way, this proves unequivocally Obamacare is here to stay.
