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Fri Oct 28, 2016, 04:49 PM

Making a killing under Obamacare: Insurance companies are reaping massive profits

Just days before the next open enrollment period was to begin under the Affordable Care Act, President Barack Obama’s signature health care law, Americans received some sobering news about how much more they’ll pay yet again for health insurance, an annual cost that’s already straining many household budgets.

People seeking midlevel plans through the public HealthCare.gov exchange will see premiums jump 25 percent on average in 2017, the Department of Health and Human Services said on Monday. The 154 million Americans who receive their coverage through their employers won’t be hit as hard, but they, too, can expect an average premium increase of 4 percent to 5 percent, while handing over about 9 percent more in deductibles, according to a Commonwealth Fund report released on Wednesday.

While Americans continue to be hammered by rising health care costs, and while congressional lawmakers (with their taxpayer-subsidized health care) do nothing to lower cost of pharmaceuticals and medical care, one group is reaping a windfall in profit: health insurance companies and their investors.

A Salon analysis of regulatory filings found that the top five health insurers — UnitedHealth, Anthem, Aetna, Humana and Cigna — have doled out nearly $30 billion in stock buybacks and dividends from 2013 to 2015. (The Supreme Court ruled in factor of the Affordable Care Act in 2012.)

http://www.salon.com/2016/10/28/making-a-killing-under-obamacare-the-aca-gets-the-blame-for-rising-premiums-while-insurance-companies-are-reaping-massive-profits/

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Reply Making a killing under Obamacare: Insurance companies are reaping massive profits (Original post)
Attila Gorilla Oct 2016 OP
Argentina Oct 2016 #1
Attila Gorilla Oct 2016 #2
nolidad Oct 2016 #3
Attila Gorilla Oct 2016 #4
nolidad Oct 2016 #5
Attila Gorilla Oct 2016 #6
nolidad Oct 2016 #7
oflguy Nov 2016 #8
limmy1949 Nov 2016 #9
oflguy Nov 2016 #10

Response to Attila Gorilla (Original post)

Fri Oct 28, 2016, 06:03 PM

1. Obamacare should be repealed and replaced with universal health care. Reason being Obamacare

is only helpful to the Big Insurance companies which are free to raise their rates and otherwise run roughshod over the consumer. But universal health care would be good for the people.

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Response to Argentina (Reply #1)

Fri Oct 28, 2016, 06:04 PM

2. It sure should.

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Response to Attila Gorilla (Original post)

Fri Oct 28, 2016, 07:34 PM

3. So that is why they are fleeing the market exchanges??

Because they are making so much much money? You need to read some non fiction and not salon !

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Response to nolidad (Reply #3)

Fri Oct 28, 2016, 07:40 PM

4. rense.com?

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Response to Attila Gorilla (Original post)

Sat Oct 29, 2016, 06:45 AM

5. I sure hope you never own a business.

YOu decry companies making profits of 4.7% and 1.4% as ripping people off!

These companies are losing tens of millions in their Obamacare divisions! You are a good comrade for attacking these bourgeois businesses.

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Response to nolidad (Reply #5)

Sat Oct 29, 2016, 06:51 AM

6. Those poor corporations.

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Response to Attila Gorilla (Reply #6)

Sat Oct 29, 2016, 06:23 PM

7. Well we know

That if a corporation makes a profit that goes against your Stalinist indoctrination. But let me give you a slight education. all profits of a publicly held company goes to the owners who are the stockholders. There are literally several thousand state, municipal and teachers retirements invested here. so you are against those pension funds.

There are also thousands of elderly whop hope to supplement their social security by dividends from stocks they bought over the years.

And yes there are thousands of rich people getting richer! Too bad for you!

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Response to Attila Gorilla (Original post)

Wed Nov 2, 2016, 12:28 AM

8. Sounds like a business opportunity for you to

Start your own insurance company.

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Response to Attila Gorilla (Original post)

Thu Nov 3, 2016, 09:43 PM

9. it has to do with the state you live in

it allhttp://insider.foxnews.com/2016/10/05/obamacare-architect-zeke-emanuel-defends-affordable-care-act-rate-hikes-marco-rubio////////// depends on where you live. if you live in one of the 19 states run by republicans then it goes way up

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Response to Attila Gorilla (Original post)

Thu Nov 3, 2016, 11:13 PM

10. Yeah, they are making such a killing that the government has to bail them out

And with the bailouts they are STILL losing money.

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