UNITED HEALTH CEO GREATLY REGRETS SUPPORTING OBAMACARE

Hemsley’s remarks double down on his earlier warning that the ObamaCare exchanges remain weaker than expected after two years and that it will take far longer for insurers to profit from the millions of new enrollees.

by Geoffrey Grider, Now The End Begins:

THE CEO OF UNITEDHEALTHCARE ON TUESDAY SAID HE REGRETTED THE DECISION TO ENTER THE OBAMACARE MARKETPLACE LAST YEAR, WHICH THE COMPANY SAYS HAS RESULTED IN MILLIONS OF DOLLARS IN LOSSES

EDITOR’S NOTE: THE PASSING OF OBAMACARE WAS PERHAPS THE GREATEST INTERNAL ATTACK ON THE AMERICAN WAY OF LIFE IN OUR NATION’S HISTORY. FOR THE FIRST TIME EVER, CITIZENS WERE FORCED AGAINST THEIR WILL TO PURCHASE A FOR-PROFIT PRODUCT, AND THEN BE SEVERELY PENALIZED FOR NON-COMPLIANCE. OBAMA LIED EVERY STEP OF THE WAY, AND THE EFFECTS OF THIS ATTACK INCREASE EVERY YEAR. CEO OF AMERICA’S LARGEST HEALTHCARE PROVIDER SAYS IT IS THE WORST MOVE HE EVER MADE, AND IT MIGHT JUST BANKRUPT HIS COMPANY IN THE PROCESS. HISTORIANS, WHEN THEY LOOK BACK ON THIS TIME, WILL PUT OBAMACARE IN THE SAME CATEGORY AS ADOLF HITLER’S ENABLING ACT.

“It was for us a bad decision,” UnitedHealth CEO Stephen Hemsley said at an investor’s meeting in New York, according to Bloomberg Business. UnitedHealth, the country’s largest insurer, announced last month that it would no longer advertise its ObamaCare plans over the next year and may pull out completely in 2016 — a move that sent shockwaves across the healthcare sector.

Hemsley’s remarks double down on his earlier warning that the ObamaCare exchanges remain weaker than expected after two years and that it will take far longer for insurers to profit from the millions of new enrollees.

OBAMACARE FAILURES: BILL MAHER WITH PIERS MORGAN: OBAMA SHOULDN’T HAVE ‘LIED TO PEOPLE’

The company had already eyed ObamaCare’s federal marketplace cautiously since it launched in 2013. UnitedHealth only began selling plans on the exchanges last year.

NOW, UNITEDHEALTH OFFICIALS HAVE SAID THAT MOVE WILL RESULT IN A HALF-BILLION DOLLARS IN LOSSES OVER TWO YEARS.

Hemsley said it was smart to sit out of the exchanges for the first year, but that the company should have held out another year.

A MONTAGE OF OBAMA’S “IF YOU LIKE YOUR PLAN KEEP IT” LIES

This was not true, this was never true, and it is not true today. Millions and millions of people under Obamacare lost their plans. Today, Obama offers up not a single word of apology for the biggest lie ever sold to the American people. 

“In retrospect, we should have stayed out longer,” he said, adding that he believes the marketplace will take more than “a season or two” to develop.

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