Obamacare

saw on news. United Health pulling out of ACA (Obamacare). And that Aetna and Anthem are realizing it's not profitable so they are contemplating withdrawing participation. How will this impact gsk?

 

we don't associate with him....

 

Sad that these insurance companies are looking only at profitability and not overall health benefits. One of the analyst was quoted in an article I read that "the insurance company stood to lose hundreds of millions because patients that typically use the exchange plans are usually heavier users of the coverage provided." Seriously? So what they really want is healthy people who don't use the coverage, but keep paying premiums! That's hysterical! You are a health insurance company. These health insurance companies are still making billions in profit, but are reluctant to take a hit to provide more people with the ability to deal with affordable health services.

 

You don't underand the concept of insurance. You need a lot of low risk individuals to help cover the cost of high risk individuals. It has zero to do with health. It's an actuarial model. Analyzed risks. If they are not making money then they will drop Obama Care. Others will want to follow. The federal government would have to subsidize the insurance companies to force them to stay in the Obama Care business. The other option would be to lower there coverage threshold and offer really poor coverage. I would imagine you will see a combination of these things moving forward. Now some idiot will tell me I'm crazy and don't know what I'm talking about. Post on...

 

High risk patients have everything to do with health! I'm not going to say you don't understand the industry, but I believe you are missing the point of my earlier rant. The whole ACA is designed to reduce health care cost and try to allow more "healthcare" to people who really need it and could benefit from having coverage to get their health turned around. You stop covering high risk, then we have accomplished nothing when every major preventable disease spirals uncontrolled until patient is carted into the ER. The ACA wasn't designed to make insurance companies a more profitable business model. It sucks that profit margins, share holder stakes, etc... is what really matters in the healthcare industry.

 

" designed to reduce healthcare cost...." You fool, everyone's premiums are going up ! What a stupid statement, and what a stupid leader we have !

 

You are not very bright, of course it will cost us more "upfront" until more people's health issues are managed better, with more people getting coverage and hopefully being taken care of from doctors who are insentivized to do so. Yes the goal IS to lower overall healthcare costs! It won't happen overnight. What a fricking idiot!

 

You gotta pass the bill before you read it silly

 

Looks as if "The chickens have come to roost!". What a hoot! The entire program as designed to be such a farce that "the people" will demand single payer "universal" healthcare. The fix was in from the very beginning. The amazing thing is that the typical american voter is not interested enough to vote for a change. Do not underestimate the liberal movement. Progressives AKA Socialists AKA Communists have ruined what was once a wonderful country.

 

Exactly. Create something that doesn't work, then double-down. Never let a crisis go to waste.

The American voter will listen to someone driving a car off a cliff and blindly agree that slamming on the accelerator is the right plan of action.

Hold my hand, Thelma.

 

You still have the problem of those healthy, low-risk patients not enrolling into the system. Enrollments have fallen well below what is needed to create an adequate risk pool for the actuarial models.

Until you make the financial penalty for skipping coverage really hurt, this isn't going to change. What's to stop someone from waiting until they get sick to sign up?

 

How many of us remember when they tried to get us to sign up for the GSK PAC? They wanted to automatically take contributions from our paychecks and use the money to be a "voice" for us, the pharmaceutical workers. They actually threw our support to the ACA. How's that working out? Already there are demands for negotiating prices for retirees, the poor and the elderly.....Get ready for it folks, it will not be pretty, Big Pharma will win, its employees will not.

 

......now how do you know that to be a fact Jack ?

 

Revisit your question in 10 years.........pharma will still be here, but the jobs will be very different. Don't expect an improvement. Contact a GSK worker with tenure in the UK or the EU. On your next company rewards trip.

 

10 years , ha..............the job has changed greatly in past few years fellow !

 

The 10 year reference was so #13 would get it. If he's still here.

 

Interestingly; employer health care costs are actually going down, but they are asking for more contribution from employees anyway. There is entirely too much greed everywhere.

 

' going down ' .......?? why not tell us how wonderful it would be to move to Syria , or maybe you own the Brooklyn Bridge.............? .....................what a stupid statement !

 

For ACA to work you need younger healthy individual to sign up to offset the cost of older or sicker individuals. That the way actuarial models work. Analyzed risks. You need X dollars to pay Y. Insurance companies then hope there is profit after expenses from Y. I understand the need for covering the previously uninsured and needy. They tend to be sicker and older. Younger people are not signing up. Therefore if will eventually fail unless the government subsidizes the plans. Similar to the agriculture business or the recent bailout of the banks and auto industry. I appreciate the passion in your argument but I don't see it.

 

Exactly