April 18: UnitedHealth braces for Affordable Care Act changes

  • Article by: Jackie Crosby , Star Tribune
  • Updated: August 15, 2013 - 5:20 PM

With the brunt of the health care law still ahead, the insurer maintained its forecast although profits fell 14% in the first quarter.

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handsomepeteApr. 19, 13 1:40 AM

Non-profit health insurer Blue Shield of California had to increase premiums by 20% this year over last to cover the costs of complying with Obama's mandates for free birth control pills, free mammograms, free this, free that, free this, free that. You didn't actually think Obamacare was going to lower costs, did you? Oh, and pay attention the the "non-profit" part of what I wrote. Non-profit companies DO NOT make profits, so they did not raise their rates to gouge consumers. They were forced to raise their rates to cover the costs of Obama's mandates.

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hswcbApr. 19, 13 7:38 AM

Non-profits DO make their own kind of profits in health managed care companies and they go to pay very high CEO salaries. Not as high as United Health pays. The article did not mention the horrendously high salary Hemsley makes. It does speak to how treating health care access as a commodity that is driven by profits and high salaries forgets about the patients and our well being. The ACA is not very good because it feeds the insurance company model and wastes money on them. But then they are the ones who spent millions on campaign contributions and lobbying to get their version of the law passed. BTW -- Medicare Advantage is a rip off compared to straight supplements and gives free money to the managed care companies. It should be abolished. But actually, health insurance managed care companies should be phased out as a failed experiment.

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honeybooApr. 19, 13 8:31 AM

UH would be wise to plan for two futures: One in which they capture huge government contracts and money is fast and easy, and another in which Obamacare collapses under its own complexity and inviability.

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flatstanleyApr. 19, 1311:00 AM

BCBS of California was not forced to raise rates at all. In fact there is absolutely no reason whatsoever for them to increase their premimums. They are sitting on billions of dollars in reserves, more than 3 times what is recommended,and could actually afford to reduce rates. However they are not, regardless to make the claim that the ACA is forcing them to raise rates is a falsehood.

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dlzabzApr. 19, 1311:16 AM

"They are sitting on billions of dollars in reserves, more than 3 times what is recommended"... so what? By your logic Apple could give away 600million ipads or the equivalent of 10 years of sales.

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dentesterApr. 20, 13 8:27 AM

When health insurance premiums increase by 50-80% next year as predicted, those of us who warned you all will take no pleasure in saying "I told you so" because you don't gloat in tragedy. But it'll be too late to do anything about it because we have too many low information voters in this country who have been deciding our elections. We're screwed, ladies and gentlemen.

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rampalincApr. 20, 13 9:28 AM

if you check history you will see that insurance premiums also rose double digits in many years before Obamacare went into law. In 2000 a family of four paid 5K for their premiums. In 2010 it was $13K. To blame these recent increases due to Obamacare is foolish. The problem is the business model of healthcare in this country.

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