Big Insurance Companies Leave ACA Marketplace Despite Record Profits

Even though they are making record profits Aetna and United Healthcare are leaving the Affordable Care Act marketplace.

Nurse Talk Radio Healthcare In America correspondent Donna Smith says in Aetna's case it looks like retribution for a federal government probe into a proposed big merger. The government is looking into the merger to make sure antitrust laws are not being broken.

[Donna Smith]: "Well Aetna didn't like that. And they were very outfront about it. They said that because they were being denied their opportunity to merge that they felt like they couldn't make the kind of profits that they wanna make and therefore they weren't gonna be on the exchanges."

Smith says these companies got millions of new customers through the Affordable Care Act but they're not happy with those extra profits.

[Donna Smith]: "The insurance companies were angry. They thought they were gonna make a much bigger killing on the Affordable Care Act than they have. But don't anybody be fooled. They've made record profits.

Wendell Potter - a whistleblower from inside the insurance industry - made it clear that Aetna and the other insurance giants are on track to make the biggest profits ever under the Affordable Care Act but that's just not enough."

Section: 

Address

IATSE, Local 728

Studio Electrical Lighting Technicians

1001 W. Magnolia Blvd.

Burbank, CA 91506

(818) 954-0728

Map

Conditions of Use | Site Map  |  Privacy Policy & Terms of Use

Phone

Office:
  818-954-0728
  800-551-2158
FAX:
  818-954-0732

Local 728 Bulletin

The color version of the Local 728 Bulletin is available online.