Aetna could be forced out of Obamacare: CEO - News and Current Events | futures trading

Go Back

> Futures Trading, News, Charts and Platforms > Traders Hideout > News and Current Events

Aetna could be forced out of Obamacare: CEO
Started:January 22nd, 2014 (08:36 PM) by kbit Views / Replies:107 / 0
Last Reply:January 22nd, 2014 (08:36 PM) Attachments:0

Welcome to

Welcome, Guest!

This forum was established to help traders (especially futures traders) by openly sharing indicators, strategies, methods, trading journals and discussing the psychology of trading.

We are fundamentally different than most other trading forums:
  • We work extremely hard to keep things positive on our forums.
  • We do not tolerate rude behavior, trolling, or vendor advertising in posts.
  • We firmly believe in openness and encourage sharing. The holy grail is within you, it is not something tangible you can download.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community. It's free and simple, and we will never resell your private information.

-- Big Mike

Thread Tools Search this Thread

Aetna could be forced out of Obamacare: CEO

Old January 22nd, 2014, 08:36 PM   #1 (permalink)
Elite Member
Aurora, Il USA
Futures Experience: Advanced
Platform: TradeStation
Favorite Futures: futures
kbit's Avatar
Posts: 5,839 since Nov 2010
Thanks: 3,275 given, 3,321 received

Aetna could be forced out of Obamacare: CEO

Aetna CEO Mark Bertolini told CNBC on Wednesday that Obamacare has failed to attract the uninsured, and he offered a scenario in which the insurance company could be forced to pull out of program.

The company will be submitting Obamacare rates for 2015 on May 15.

"Are they going to be double-digit [increases] or are we going to get beat up because they're double-digit or are we just going to have to pull out of the program?" Bertolini asked in a "Squawk Box" interview from the World Economic Forum in Davos, Switzerland. "Those questions can't be answered until we see the population we have today. And we really don't have a good view on that."

He said that so far, Obamacare has just shifted people who were insured in the individual market to the public exchanges where they could get a better deal on a subsidy for coverage. "We see only 11 percent of the population is actually people that were firmly uninsured that are now insured. So [it] didn't really eat into the uninsured population."

For Obamacare to work better, it needs more flexibility and choice of insurance programs, Bertolini said. "We need to make it a lot more simpler for people. There needs to be more choice. When you get more choice, you make it more of a market and you get more people in the program."

As for Aetna, Obamacare plans make up 3 percent of its revenue, he said. "Whether or not there's a government bailout because we lose some money on members is irrelevant to us from our standpoint of our earnings."

By 2020, Bertolini said he sees 75 million people buying health-care insurance from exchanges. "Some portion of that will be public exchanges—probably 20 million to 25 million will be public exchanges—the rest will be private exchanges."

"We're going to have individuals buying health care with a subsidy from their government or a subsidy from their employer," he said.

Aetna could be forced out of Obamacare: CEO Mark Bertolini

Reply With Quote

Reply > Futures Trading, News, Charts and Platforms > Traders Hideout > News and Current Events > Aetna could be forced out of Obamacare: CEO

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Upcoming Webinars and Events (4:30PM ET unless noted)

An Afternoon with FIO trader bobwest

Elite only

NinjaTrader 8: Programming Profitable Trading Edges w/Scott Hodson

Elite only

Anthony Drager: Executing on Intermarket Correlations & Order Flow, Part 2

Elite only

Adam Grimes: Five critically important keys to professional trading

Elite only

Machine Learning Concepts w/FIO member NJAMC

Elite only

MarketDelta Cloud Platform: Announcing new mobile features

Dec 1

NinjaTrader 8: Features and Enhancements

Dec 6

Similar Threads
Thread Thread Starter Forum Replies Last Post
Mitt Romney "I'll Keep Parts Of ObamaCare" No Longer Repealing Obamacare Victory Trader News and Current Events 4 September 11th, 2012 01:15 PM
US May Be Forced To Use The Nuclear Option On Chinese Stocks kbit News and Current Events 0 June 18th, 2012 08:48 AM
Flame virus forced to commit suicide kbit News and Current Events 0 June 13th, 2012 06:21 PM
On Capital Flight and Forced Repatriation Quick Summary News and Current Events 0 November 19th, 2011 10:50 AM
More Americans Being Forced To Raid Retirement Accounts Quick Summary News and Current Events 11 May 1st, 2011 03:04 AM

All times are GMT -4. The time now is 03:24 PM.

Copyright © 2016 by All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts

Page generated 2016-10-25 in 0.07 seconds with 19 queries on phoenix via your IP