Another one bites the dust

The Obamacare supporting retards a few months back were all pissed at those of us that pointed out the abysmal failure that the exchanges Obamacare were going to drive every insurer out of that scam. When United Health Group started talking like they would have to bail, we were told that this was all talk that would go nowhere, because in the end Obamacare was not just sound, but the law of the land. fast forward a few months, and we get an article titled “UnitedHealth Makes Good on Threat to Pull Out of Obamacare that points out just that:

The Affordable Care Act suffered another jolt late last week with the news that UnitedHealth Group, the nation’s largest health insurer, was making good on its threat to pull out of Obamacare, beginning with its operations in Georgia and Arkansas.

UnitedHealth roiled the market last November when it revealed that it was considering exiting Obamacare after incurring hundreds of millions of dollars in losses related to ACA business. Then UnitedHealth CEO Stephen Hemsley confessed to investors meeting in New York in December that the company should have stayed out of the program a little longer to better gauge its profitability potential.

The company had cautiously tiptoed into the market in January 2015 after sitting out the first full year of Obamacare operations in 2014. “It was for us a bad decision,” Hemsley admitted to his investors. “In retrospect, we should have stayed out longer.”

So it wasn’t a huge surprise on Friday when UnitedHealth spokesperson Tyler Mason confirmed to The Washington Post that the company, indeed, was pulling out of Georgia and Arkansas, two relatively small states that proved to be highly unprofitable terrain for the company.

This development is troubling, especially if it UnitedHealth pulls out of other bigger states, or if other major insurers such as Aetna and Anthem follow suit. But experts have cautioned not to make too much of UnitedHealth’s flight from the market. While it is one of the largest insurers on the national scene, UnitedHealth nonetheless is a bit player in Obamacare and holds a much smaller market share than other rivals like Aetna and Blue Cross Blue Shield.

Get the fuck out of here! This idiotic Ponzi scheme will fall apart as the major players all realize they got duped and pull out? Say it ain’t so! I guess I shouldn’t be celebrating this vindication, because after all, Obamacare was never about fixing anything that the collectivists claimed was wrong with our existing healthcare system or controlling costs: it was about destroying the existing system by creating so much tumult, chaos, and pain, that even the most adamant anti-single-payer system advocate would have no choice to accept the left’s takeover of this enterprise that comprises 1/6th of the economy and gives a government that has already shown it is willing to use its various branches against its political and other enemies, even more power to do so and control the uppity serfs. All of us better get used to our healthcare being crappy like this.

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  1. InsipiD

    I don’t quite see what would’ve been better for United to have waited and gotten in later.  The problem for them was that they opted in at all.  They actually should have known better by virtue of paying experts to understand the market well enough to avoid stuff like that.

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