![\"Obamacare,](\"https:\/\/i0.wp.com\/angry.net\/blog2\/wp-content\/uploads\/2012\/12\/600026_560399050642360_1124628221_n.jpg\")
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UnitedHealth was not one of the original boosters of Obamacare. Unlike the other insurance companies, who saw Obamacare as a way to have money shoveled into their coffers by the truckload, UnitedHealrth was hesitant to jump onto the bandwagon. Eventually, they did and thought they would at least break even. However, they ran into a few small problems. The Obamacare exchanges are losing money hand over fist, and UnitedHealth saw losses on their Obamacare Exchanges coming in over $1 billion dollars for the last two years.<\/p>\n
Since UnitedHealth is in the insurance business to make money rather then lose it, and considering that Obamacare is a massive drain on the economy, UnitedHealth decided it was time to pull the plug. Here are some of the details from Fox News:<\/p>\n The nation\u2019s largest health insurer, fearing massive financial losses, announced Tuesday that it plans to pull back from ObamaCare in a big way and cut its participation in the program\u2019s insurance exchanges to just a handful of states next year \u2013 in the latest sign of instability in the marketplace under the law. <\/b>UnitedHealth CEO Stephen Hemsley said the company expects losses from its exchange business to total more than $1 billion for this year and last.<\/b><\/p>\n But, this is impossible! How can this be? Everyone knows that insurance companies have printing presses and just roll off oodles of money that can be used to provide free healthcare to everyone, for free.<\/p>\n Despite the company expanding to nearly three dozen state exchanges for this year, Hemsley said the company cannot continue to broadly serve the market created by the Affordable Care Act’s coverage expansion due partly to the higher risk that comes with its customers. <\/b><\/p>\n Translation, only the sickest people are going through the exchanges. The people that Obama and the Democrats expected to funnel money to the Exchanges, the young and healthy, took one look at the crap Obama calls \u201cHealth Insurance\u201d and said \u201cScrew that! It\u2019s to expensive and I don’t need it! I\u2019ll just pay the unconstitutional fine that scumsucking pig Roberts said was constitutional. It\u2019s a hell of a lot cheaper.\u201d<\/p>\n UnitedHealth has already decided to pull out of Arkansas, Georgia and Michigan in 2017, and Hemsley told analysts during a Tuesday morning conference call that his company does not want to take the financial risk from the exchanges into 2017.<\/b><\/p>\n Risk? There is no risk. It\u2019s guaranteed that UnitedHealth will lose money on the exchanges. Considering that most of the state run exchanges have already collapsed, it\u2019s only a matter of time before all the other insurance companies bail on this mess as well.<\/p>\n With the election season underway, Obamacare is coming back front and center to everyone attention. The Republicans, and this includes Donald Trump, are saying HAH! We told you so!\u201d and are generating plans to finally ditch Obamacare once and for all. The Democrats are all saying that there is no problem, that UnitedHealth is lying and everyone loves Obamacare.<\/p>\n [youtuber youtube=’http:\/\/www.youtube.com\/watch?v=d-diB65scQU’]<\/p>\n The fact is, Obamacare has been hated by a majority since day one, and that hatred has only increased as people found out just how bad the health insurance really is under Obamacare. Even Comrade Bernie Sanders thinks it\u2019s a joke, although his answer is single payer nationalized healthcare just like we have with the Veterans Administration.<\/p>\n He should know, since he was in charge of the oversight committee when the Democrats were in charge of the Senate. He wants the American healthcare system run just like he helped run it back when he was in charge. He firmly believes that the government is never wrong.<\/p>\n<\/a><\/p>\n<\/a><\/p>\n