Major private insurance companies such as Aetna, which is “extremely profitable,” have fled Obamacare health exchanges, although they were not focused on individual plans in many markets to begin with, a former health insurance executive has told RT.Insurance giant Aetna announced last week that it would cancel its participation in health exchanges established by the Affordable Care Act, or Obamacare, in all but four states by the beginning of 2017. In April, UnitedHealth Group, the largest US private health insurer, said it would pull out of all but a "handful" of state exchanges in 2017 after participating in nearly three dozen states in 2016. Aetna claimed that it's absorbed $430 billion in pre-tax losses from the exchanges since January 2014, pushing the company to reduce its exchange participation to 242 US counties from 778. Yet Wendell Potter, former insurance executive at Cigna and Humana and author of 'Nation On The Take: How Big Money Corrupts Our Democracy', pointed out in an interview with RT America's Ed Schultz that Aetna recently reported healthy gains in the second quarter of 2016. It seems that healthcare providers and the people under Obamacare have found out one thing in common, that being under the government forced Obamacare destroys everyone's pockets. This is proof that the Obamacare program is the destruction of the free market in Americas healthcare sector. If healthcare was how it use to be in America before Obamacare, the insurers would profit from healthcare actually having lower premiums for people like it use to be. With the higher premiums of Obamacare, people under the program cannot afford it...Which means that health insurers also bite the dust with Obamacare. If billion dollar health companies are exiting the program Americans should probably follow suit...Then just maybe Obamacare will collapse around itself. Almost guarantee the only people profiting from the Affordable Care Act is the Obama family, Soros, and likely the Clinton Foundation.
