UnitedHealth CEO regrets entering ObamaCare

ObamacareMore fallout from the on going effort to ‘Fundamentally Transform America!’

In what should have been obvious from the beginning, even to the simple minded; you can’t provide better care for more people with less doctors at a lower cost! Unless of course you are shareholder in purple unicorn farm stock. And, as we roar into 2016, on a healthcare train with the wheels flyin’ off, we still have about as many people uninsured now as we had before. Except that those of us paying into the system are paying more (and sometimes much more) than prior to ACA’s passage.

The CEO of UnitedHealthCare on Tuesday said he regretted the decision to enter the ObamaCare marketplace last year, which the company says has resulted in millions of dollars in losses.

“It was for us a bad decision,” UnitedHealth CEO Stephen Hemsley said at an investor’s meeting in New York, according to Bloomberg Business.

UnitedHealth, the country’s largest insurer, announced last month that it would no longer advertise its ObamaCare plans over the next year and may pull out completely in 2016 — a move that sent shockwaves across the healthcare sector. … more here

As I have previously written, ObamaCare is not about affordable healthcare for Americans. It is about control of the payer class and absolute rule.

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