Aetna CEO Says Obamacare “didn’t really eat into the uninsured population,” Company May Be Forced Out of Program (Video)
Aetna CEO Mark Bertolini says Obamacare failed to attract the uninsured and could result in either double digit increased in rates or the company pulling out of the program completely:
“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.”
Well, this is strange news, considering there are six million people signed up for coverage through Obamacare.
Clearly this guy is racist or something:
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.”
The whole goal of this was to get uninsured people covered. Are we to believe this whole thing is a failure?
Well, at least we’ve got all those new people in Medicaid. And we get to spend all the money subsidizing insurance for people.
No way this is the road to single payer, and by “no way,” I mean:
Watch the video: