United Health, America's Largest Insurer, After LOSING $720 Million On Obamacare, Finally Comes To Its Senses: 'We're Leaving'

Townhall

Katie Pavlich | Apr 19, 2016

After losing a whopping $720 million thanks to participation in Obamacare exchanges, mega-insurer United Health is leaving the expensive, government sanctioned healthcare program. Talk of a departure bubbled up in reports late last year and now the exit is official. From WAPO: 

UnitedHealth Group, the nation's largest health insurer, said Tuesday that in 2017 it will exit most of the 34 states where it offers plans on the Affordable Care Act insurance exchanges.

"We will be down to a handful of states that we will be actively participating in the exchanges," Stephen J. Hemsley, chief executive officer of UnitedHealth Group said in an earnings call, noting that thesmall market size and greater expense of patients insured through the marketplaces led the insurer to make the decision.

United Health joins other major insurance providers like Aetna, Blue Cross Blue Shield and Human. The question now is whether the Obama administration will do anything in an attempt to make the companies stay.

Thank You Ms Pavlich and Townhall.

OK: Insurance is not a Right. Insurance is a Gamble.

You put Your money into an Insurance account/company Betting Them that you will lose whatever commodity you have which you are insuring. In this case your health. In others your car, home, jewelry or other investments, etc.

The Insurer takes your money Gambling that you Won't lose MORE than you are giving them.

Insurance companies play the odds. They wouldn't be in business if they didn't spend some of Your money ascertaining those odds. 

BUT This Insurer blew $720 Million of OPM before it came to its senses.

Makes you feel all warm and cuddly, safe and secure down deep inside, knowing that the Pros are On The Case and all those Bills you've been paying were protecting you. 

No? 

Human nature didn't change because Electo-crats and other idiots rammed through a garbage law Requiring Everyone to buy Health Insurance?

And that rush of New Customers didn't re-balance the Scales toward the Insurance Companies hoped for heavier, Bottom Lines?

Pray for America. 

She's infested with and surrounded by experts like these.