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Insurance chiefs tell Obama of concerns over healthcare fix

  • Aetna (AET) CEO Mark Bertolini was among 15 insurance chiefs who met with President Obama and reportedly expressed concern about his one-year reprieve for people whose policies were canceled because the plans didn't meet the requirements of the healthcare law.
  • The fear is that the move will make it more difficult to attract the healthy customers who are seen as critical to the success of Obamacare.
  • The CEOs at the meeting included those of Cigna (CI), WellPoint (WLP), Health Net (HNT) and Molina Healthcare (MOH).
  • The meeting came after Congress passed a bill that would allow people to keep their existing policies through 2014. While the measure received strong Democrat support, it won't advance in the Senate, although members of the latter chamber have proposed similar legislation.
Comments (12)
  • DeepValueLover
    , contributor
    Comments (8526) | Send Message
     
    Hopefully, Americans will be a little more informed and a lot less dazzled when going out to the voting booth to choose the next president.
    17 Nov 2013, 11:11 AM Reply Like
  • justaminute
    , contributor
    Comments (581) | Send Message
     
    Sometimes it's hard to be informed when the media refuses to vet a candidate.
    17 Nov 2013, 11:20 AM Reply Like
  • King Rat
    , contributor
    Comments (637) | Send Message
     
    has politics really changed over the past 2000+ years? Corruption did not start with and will not end with a single politician. Things repeat because one person's obvious solution is the next person's obvious problem and powerful positions attract corrupted people. Find me 5 non-corrupt politicians in Washington and I will give you $10million... of other people's money.
    17 Nov 2013, 02:19 PM Reply Like
  • Mattster
    , contributor
    Comments (162) | Send Message
     
    Or maybe the GOP will have a platform designed to help the people of America rather than crush them for the benefit of a few, that might help.
    17 Nov 2013, 05:09 PM Reply Like
  • DeepValueLover
    , contributor
    Comments (8526) | Send Message
     
    Please tell us one example of a republican platform designed to "crush" Americans.
    17 Nov 2013, 06:20 PM Reply Like
  • King Rat
    , contributor
    Comments (637) | Send Message
     
    DVL, don't worry, those like Mattster are either paid to spew inane partisan garbage or they paid thousands of dollars at public universities to be brainwashed by inane partisan garbage.

     

    Demagogues will be demagogues.
    17 Nov 2013, 11:47 PM Reply Like
  • wheelz23
    , contributor
    Comments (50) | Send Message
     
    Being informed and being lied to are two different things.
    17 Nov 2013, 01:57 PM Reply Like
  • slash32is4
    , contributor
    Comments (123) | Send Message
     
    Damn I miss Ben Franklin....
    17 Nov 2013, 04:45 PM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (3977) | Send Message
     
    This makes no sense to me:

     

    "The meeting came after Congress passed a bill that would allow people to keep their existing policies through 2014. While the measure received strong Democrat support, it won't advance in the Senate, although members of the latter chamber have proposed similar legislation."

     

    If Congress passed a bill, then why does the Senate now not advance it. Typo? Did the House pass the bill?
    17 Nov 2013, 06:23 PM Reply Like
  • justaminute
    , contributor
    Comments (581) | Send Message
     
    Common mistake of referring to the House as "Congress."
    17 Nov 2013, 08:41 PM Reply Like
  • Bosshogg55
    , contributor
    Comments (72) | Send Message
     
    Watch what happens next. The Senate will not approve the House bill and it will die. Then, you will get some illegal patchwork executive order allowing it and the insurance companies won;t like it one bit. And, if you think the younger people are going to participate with double the premiums (to pay for the illegals and permanently poor) you are dreaming. The older folks won't be a consideration since the "Medical Payments Advisory Boards" will limit benefit payments for them for expensive procedures. However, the insurance companies won't lose the money because of the unsound actuarial risk assessments -- that will bereimbursed to them by the taxpayers through a provision in the law. The whole Obamacare law was written specifically not to work so it can be a stepping stone for the adoption of a single payer system modeled after the one in Canada. The only health insurer stocks that will make it will be those of the insurers with strong back office claims processing units which will be contracted by thee government to process the stream of claims from the to-be-established-later single payer system. That should include outfits like Aetna and Cigna, to name two. Time frame: likely to be 2015 or 2016, when everyone finds out this thing will cost exponentially more than anyone's wildest dreams. Just my thoughts and opinion, nothing more. I own Aetna today and I have a nice profit in it now. I will be looking to sell depending on how all of this sorts itself out.
    20 Nov 2013, 01:15 PM Reply Like
  • justaminute
    , contributor
    Comments (581) | Send Message
     
    Fair assessment.
    20 Nov 2013, 05:26 PM Reply Like
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