Largest health insurance company in America financially devastated by Obamacare … May pull out completely in 2016, collapsing the failed scheme
by: L.J. Devon
NaturalNews.com
Friday, December 04, 2015
CEOs of private health insurance companies didn’t know what to expect after the Affordable Care Act became law in 2010. Some insurance CEOs feared the new government rules would restrict their ability to stay in business, ultimately bankrupting the private health insurance sector, to usher in an all-out government-run healthcare system. UnitedHealthcare was one large company that stayed out of the fray the first year the exchanges launched, as they waited for the right opportunity to take advantage of a new wave of enrollments.
One thing is for sure: the law forces all US citizens to purchase health insurance payment plans. Several health insurance companies jumped at the opportunity to join the Obamacare marketplace, because the force of law would enable their insurance companies to profit off millions of new enrollees who felt pressured to comply. In a way, the Obamacare marketplace was designed as a bailout for the already failing health insurance industry. It’s obviously a bailout because the law goes as far as using the IRS tax system to fine those who don’t want to buy health insurance, in order to force their compliance.
Health insurance companies cannot survive in the Obamacare marketplace
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