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  Topic: Aetna CEO Sees Obama Health
Law Doubling Some Premiums
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Aetna CEO Sees Obama Health
Law Doubling Some Premiums

Bloomberg, by Alex Nussbaum & Reg Gale

Original Article

Posted By:KarenJ1, 12/13/2012 1:01:25 PM

Health insurance premiums may as much as double for some small businesses and individual buyers in the U.S. when the Affordable Care Act’s major provisions start in 2014, Aetna Inc. (AET)’s chief executive officer said. While subsidies in the law will shield some people, other consumers who make too much for assistance are in for “premium rate shock,” Mark Bertolini, who runs the third-biggest U.S. health-insurance company, told analysts yesterday at a conference in New York. The prospect has spurred discussion of having Congress delay or phase in parts of the law, he said.

Comments:
Isn´t it nice they held this news until after the election. But 0bama kept telling us 0bamacare would save money. s/o It sickens and enrages me.

  

Post Reply  

Reply 1 - Posted by: JonR, 12/13/2012 1:10:37 PM     (No. 9063684)

Anything/business the government tries to run or take over turns into a taxpayer funded debacle! No exceptions! That was all an apathetic and greedy voting block had to know when they reelected the monster Obama!


Reply 2 - Posted by: bob913, 12/13/2012 1:19:57 PM     (No. 9063699)

This is why the insurance industry supports obamacare. Rates go up. Also many former OTC over the counter medicine becomes prescription only.


   

 

  


 
Reply 3 - Posted by: Rather Read, 12/13/2012 1:29:28 PM     (No. 9063719)

How in the h*ll are we supposed to live? Every freakin´ thing is going up. I don´t really want to spend my old age shivering and hungry in the dark waiting to die.


Reply 4 - Posted by: reilly, 12/13/2012 1:45:44 PM     (No. 9063747)


Liberal control freaks don´t care. But they don´t like guns, either. This should be fun to watch.


Reply 5 - Posted by: BaseballFan, 12/13/2012 1:46:58 PM     (No. 9063751)

We have to pass it so we can find out what´s in it.


Reply 6 - Posted by: Coy860, 12/13/2012 1:52:46 PM     (No. 9063758)

Actually #2, formerly prescription drugs covered by insurance are going OTC.
Prevacid (or the similar) was prescription with a small co-pay, then it went OTC for much more and is not covered any longer.


Reply 7 - Posted by: MattMusson, 12/13/2012 2:07:05 PM     (No. 9063777)

Under ObamaCare - Can employer provided health insurance be contributory? Can employers offer to pay the first $2,000 of a plan and get the rest from the employee? (Like a lot of plans are now)

Or, must the employer pay 100% of the plan or 100% of the fine?


   

 

  


 
Reply 8 - Posted by: JHHolliday, 12/13/2012 3:14:44 PM     (No. 9063850)

At one point in my insurance business we represented Aetna. They were always telling us they wanted to ´partner´ with the feds on everything from Hillarycare to ´diversity´ outreaches. I told them they were supping with the devil and there is no such thing as a long-enough spoon. They ran the casualty side of the business into the ground and had to sell it.

What they don´t realize is that Obama wants NO private insurance companies and will accomplish this one way or the other.


Reply 9 - Posted by: Ida Lil, 12/13/2012 3:39:04 PM     (No. 9063892)

Aetna a has always been high. Aetna supplied retirement insurance covered nothing because they paid up to 80% the same as medicare for only $5100,00 a year. When W. brought in Rx insurance and we switched to an advantage program most of that 5100.00 jingles happily in our pockets not Atena´s. The former employer saved a bundle too because they had also continued to pay for our coverage. Advantage won too --
2012 paid $720 in premium no illness and 1 prescribed drug needed. Will raise to 1130 in 2013 but still a good deal.


Reply 10 - Posted by: snowoutlaw, 12/13/2012 3:57:02 PM     (No. 9063928)

Well what did you expect from something the left named Affordable Care Act? The left always makes their names the opposite to the hidden goal or purpose.


Reply 11 - Posted by: suziesuburbanite, 12/13/2012 4:02:37 PM     (No. 9063938)

And it begins


Reply 12 - Posted by: FL_Absentee_Voter, 12/13/2012 4:39:15 PM     (No. 9064033)

I work for a major defense contractor that offers the full menu of Aetna health insurance programs. This is going to be interesting to watch.


   

 



 
Reply 13 - Posted by: NorthernDog, 12/13/2012 4:46:50 PM     (No. 9064054)

And let´s not forget that ´´Cadillac´´ health care plans (more than $10,600/year) will be Taxed! All going according to plan.


Reply 14 - Posted by: ColonialAmerican1623, 12/14/2012 12:49:26 AM     (No. 9064605)

Aetna is already high and they screwed over agents, so there is really no reason for them to raise premiums.



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