Finding out what’s in it. Humana, one of the nation’s largest heathcare companies, has decided to leave almost half of its Obamacare markets next year.
Humana, one of the nation’s top health insurers, is pulling out of ObamaCare plans in all but a handful of states after a year of nearly $1 billion in losses. The company plans to exit nearly half of its Obamacare markets next year, the company announced during an earnings report Thursday. It will take part in “no more” than 11 state marketplaces, down from 19 states this year, the company said. [emphasis mine]
Remember, it was the insurance companies that lobbied the hardest for Obamacare, figuring they would clean up once the government forced everyone to buy their product. In looking at the numbers above, $1 billion in loses in one year alone, it sure seems that strategy has backfired big time on the insurance companies.
Then again, how could they have possibly known this would happen? No one anticipated this at all, except for those evil tea partiers and those racist conservatives. And who listens to them?