ACA: Insurance Co.projects Profit

Posted in the Columbus Forum

Scheherazade

Columbus, OH

#1 Mar 23, 2014
Well, this I suppose will be the final nail in the coffin of repeal. If insurance companies see the profit potential for their companies under the Affordable Care Act, why exactly would the right continue to be against it??? Because Obama enacted it, I guess. But of course,when it comes to the right wing,we'll always be left guessing....
==========
Insurance Giant Raises Its Profit Forecast Amid Surging Obamacare Enrollment
BY SY MUKHERJEE ON MARCH 21, 2014 AT 11:07 AM
http://thinkprogress.org/health/2014/03/21/34...

WellPoint, the insurance giant that encompasses the Anthem and Blue Cross Blue Shield brands, has raised its 2014 profit forecast after gaining more than a million new customers largely thanks to the Affordable Care Act.

According to WellPoint CEO Joseph Swedish, the company now expects more than $8.20 per share in net income versus the $8.00 per share it was originally expecting,“driven by growth of 1.0 to 1.3 million net new medical members and mid-single digit percent increases in both operating revenue and operating gain.” Swedish even mentions Obamacare marketplaces specifically as a source of continuing growth.

“While it is early in 2014, we are encouraged by results thus far across our businesses and we believe [Obamacare] Exchanges are tracking our general expectations,” Swedish said in a press release.“As such, we are raising our 2014 earnings outlook… Our updated outlook reflects solid growth in membership, revenue and operating earnings. Our outlook also remains prudent in light of the dynamic nature of the marketplace, and we believe this is a point from which we will grow in the future.”

WellPoint and its subsidiaries are selling policies in 14 states’ Obamacare marketplaces. Swedish has consistently been bullish about Obamacare enrollment — which surpassed five million private health plan signups earlier this week — both for this year and over the coming decade.

“Despite the near-term uncertainty, we believe exchanges will be growing as a big part of the market over time,” said Swedish in a January health care conference sponsored by JP Morgan.“We saw a sizable uptick at the end of December, concurrent with the first enrollment deadline. And we expect a similar bump in March, in front of the second primary enrollment deadline.”

Other insurance executives, including the CEOs of Aetna, Cigna, and west coast insurer Health Net, have expressed a similar sense of optimism.

The Congressional Budget Office (CBO) recently revised its projection for first-year private Obamacare enrollment from seven million to six million after Healthcare.gov ’s disastrous launch. Thanks to an ongoing enrollment surge this month, the White House may achieve — or even exceed — the six million mark by the March 31 deadline for 2014 coverage.
CBO expects the private state and federal marketplaces to have more than 24 million customers by the end of the decade.
Duke for Mayor

Hilliard, OH

#2 Mar 23, 2014
You are a twit.....

woof

“Hereeeeee'ssss UR Pizza”

Since: May 13

Columbus, OH

#3 Mar 23, 2014
Scheherazade wrote:
CBO expects the private state and federal marketplaces to have more than 24 million customers by the end of the decade.
Interesting.......

There are approximately 317,297,938 people in the U.S.A.

http://www.usnews.com/opinion/blogs/robert-sc...
Wait what

Dublin, OH

#4 Mar 23, 2014
Scheherazade wrote:
Well, this I suppose will be the final nail in the coffin of repeal. If insurance companies see the profit potential for their companies under the Affordable Care Act, why exactly would the right continue to be against it??? Because Obama enacted it, I guess. But of course,when it comes to the right wing,we'll always be left guessing....
==========
Insurance Giant Raises Its Profit Forecast Amid Surging Obamacare Enrollment
BY SY MUKHERJEE ON MARCH 21, 2014 AT 11:07 AM
http://thinkprogress.org/health/2014/03/21/34...
WellPoint, the insurance giant that encompasses the Anthem and Blue Cross Blue Shield brands, has raised its 2014 profit forecast after gaining more than a million new customers largely thanks to the Affordable Care Act.
According to WellPoint CEO Joseph Swedish, the company now expects more than $8.20 per share in net income versus the $8.00 per share it was originally expecting,“driven by growth of 1.0 to 1.3 million net new medical members and mid-single digit percent increases in both operating revenue and operating gain.” Swedish even mentions Obamacare marketplaces specifically as a source of continuing growth.
“While it is early in 2014, we are encouraged by results thus far across our businesses and we believe [Obamacare] Exchanges are tracking our general expectations,” Swedish said in a press release.“As such, we are raising our 2014 earnings outlook… Our updated outlook reflects solid growth in membership, revenue and operating earnings. Our outlook also remains prudent in light of the dynamic nature of the marketplace, and we believe this is a point from which we will grow in the future.”
WellPoint and its subsidiaries are selling policies in 14 states’ Obamacare marketplaces. Swedish has consistently been bullish about Obamacare enrollment — which surpassed five million private health plan signups earlier this week — both for this year and over the coming decade.
“Despite the near-term uncertainty, we believe exchanges will be growing as a big part of the market over time,” said Swedish in a January health care conference sponsored by JP Morgan.“We saw a sizable uptick at the end of December, concurrent with the first enrollment deadline. And we expect a similar bump in March, in front of the second primary enrollment deadline.”
Other insurance executives, including the CEOs of Aetna, Cigna, and west coast insurer Health Net, have expressed a similar sense of optimism.
The Congressional Budget Office (CBO) recently revised its projection for first-year private Obamacare enrollment from seven million to six million after Healthcare.gov ’s disastrous launch. Thanks to an ongoing enrollment surge this month, the White House may achieve — or even exceed — the six million mark by the March 31 deadline for 2014 coverage.
CBO expects the private state and federal marketplaces to have more than 24 million customers by the end of the decade.
HEY, IDIOT.

Do you know who Liz Fowler is? She is the former WELLPOINT executive who helped write this thing along with Baucus and together they ARRESTED single-payer advocates. Now - that author of the ACA is a LOBBYIST for the insurance companies reporting to Obama & Co.

You are ridiculously clueless when it comes to politics, particularly this one. Here's some homework for you:

http://www.huffingtonpost.com/tag/liz-fowler
Wait what

Dublin, OH

#5 Mar 23, 2014
Scheherazade wrote:
Well, this I suppose will be the final nail in the coffin of repeal. If insurance companies see the profit potential for their companies under the Affordable Care Act, why exactly would the right continue to be against it??? Because Obama enacted it, I guess. But of course,when it comes to the right wing,we'll always be left guessing....
==========
Insurance Giant Raises Its Profit Forecast Amid Surging Obamacare Enrollment
BY SY MUKHERJEE ON MARCH 21, 2014 AT 11:07 AM
http://thinkprogress.org/health/2014/03/21/34...
WellPoint, the insurance giant that encompasses the Anthem and Blue Cross Blue Shield brands, has raised its 2014 profit forecast after gaining more than a million new customers largely thanks to the Affordable Care Act.
According to WellPoint CEO Joseph Swedish, the company now expects more than $8.20 per share in net income versus the $8.00 per share it was originally expecting,“driven by growth of 1.0 to 1.3 million net new medical members and mid-single digit percent increases in both operating revenue and operating gain.” Swedish even mentions Obamacare marketplaces specifically as a source of continuing growth.
“While it is early in 2014, we are encouraged by results thus far across our businesses and we believe [Obamacare] Exchanges are tracking our general expectations,” Swedish said in a press release.“As such, we are raising our 2014 earnings outlook… Our updated outlook reflects solid growth in membership, revenue and operating earnings. Our outlook also remains prudent in light of the dynamic nature of the marketplace, and we believe this is a point from which we will grow in the future.”
WellPoint and its subsidiaries are selling policies in 14 states’ Obamacare marketplaces. Swedish has consistently been bullish about Obamacare enrollment — which surpassed five million private health plan signups earlier this week — both for this year and over the coming decade.
“Despite the near-term uncertainty, we believe exchanges will be growing as a big part of the market over time,” said Swedish in a January health care conference sponsored by JP Morgan.“We saw a sizable uptick at the end of December, concurrent with the first enrollment deadline. And we expect a similar bump in March, in front of the second primary enrollment deadline.”
Other insurance executives, including the CEOs of Aetna, Cigna, and west coast insurer Health Net, have expressed a similar sense of optimism.
The Congressional Budget Office (CBO) recently revised its projection for first-year private Obamacare enrollment from seven million to six million after Healthcare.gov ’s disastrous launch. Thanks to an ongoing enrollment surge this month, the White House may achieve — or even exceed — the six million mark by the March 31 deadline for 2014 coverage.
CBO expects the private state and federal marketplaces to have more than 24 million customers by the end of the decade.
"When a for-profit health care company becomes better known for controversial political meddling and protests outside of its corporate headquarters than for the quality of its product, shareholders have reason to be concerned."

http://www.huffingtonpost.com/jack-ucciferri/...
Wait what

Dublin, OH

#6 Mar 23, 2014
Scheherazade wrote:
Well, this I suppose will be the final nail in the coffin of repeal. If insurance companies see the profit potential for their companies under the Affordable Care Act, why exactly would the right continue to be against it??? Because Obama enacted it, I guess. But of course,when it comes to the right wing,we'll always be left guessing....
==========
Insurance Giant Raises Its Profit Forecast Amid Surging Obamacare Enrollment
BY SY MUKHERJEE ON MARCH 21, 2014 AT 11:07 AM
http://thinkprogress.org/health/2014/03/21/34...
WellPoint, the insurance giant that encompasses the Anthem and Blue Cross Blue Shield brands, has raised its 2014 profit forecast after gaining more than a million new customers largely thanks to the Affordable Care Act.
According to WellPoint CEO Joseph Swedish, the company now expects more than $8.20 per share in net income versus the $8.00 per share it was originally expecting,“driven by growth of 1.0 to 1.3 million net new medical members and mid-single digit percent increases in both operating revenue and operating gain.” Swedish even mentions Obamacare marketplaces specifically as a source of continuing growth.
“While it is early in 2014, we are encouraged by results thus far across our businesses and we believe [Obamacare] Exchanges are tracking our general expectations,” Swedish said in a press release.“As such, we are raising our 2014 earnings outlook… Our updated outlook reflects solid growth in membership, revenue and operating earnings. Our outlook also remains prudent in light of the dynamic nature of the marketplace, and we believe this is a point from which we will grow in the future.”
WellPoint and its subsidiaries are selling policies in 14 states’ Obamacare marketplaces. Swedish has consistently been bullish about Obamacare enrollment — which surpassed five million private health plan signups earlier this week — both for this year and over the coming decade.
“Despite the near-term uncertainty, we believe exchanges will be growing as a big part of the market over time,” said Swedish in a January health care conference sponsored by JP Morgan.“We saw a sizable uptick at the end of December, concurrent with the first enrollment deadline. And we expect a similar bump in March, in front of the second primary enrollment deadline.”
Other insurance executives, including the CEOs of Aetna, Cigna, and west coast insurer Health Net, have expressed a similar sense of optimism.
The Congressional Budget Office (CBO) recently revised its projection for first-year private Obamacare enrollment from seven million to six million after Healthcare.gov ’s disastrous launch. Thanks to an ongoing enrollment surge this month, the White House may achieve — or even exceed — the six million mark by the March 31 deadline for 2014 coverage.
CBO expects the private state and federal marketplaces to have more than 24 million customers by the end of the decade.
Fox Guarding the Healthcare Henhouse: Former WellPoint Exec Now HHS Policy Director

"The Montana newspaper The Billings Gazette reported nearly a month ago that Liz Fowler, a former vice president of Public Policy at the insurance giant WellPoint, was joining the Obama administration to help implement the new federal healthcare law. Fowler is also a former staffer for Sen. Max Baucus, the Montana Democrat and chair of the Senate Finance Committee, who is infamous for having several single-payer advocates arrested last year during hearings on healthcare reform. Fowler was also instrumental in killing the public option in the final legislation."

http://californiaonecare.org/tag/liz-fowler/

Since: Oct 10

Location hidden

#7 Mar 23, 2014
Wait what wrote:
<quoted text>
Fox Guarding the Healthcare Henhouse: Former WellPoint Exec Now HHS Policy Director
"The Montana newspaper The Billings Gazette reported nearly a month ago that Liz Fowler, a former vice president of Public Policy at the insurance giant WellPoint, was joining the Obama administration to help implement the new federal healthcare law. Fowler is also a former staffer for Sen. Max Baucus, the Montana Democrat and chair of the Senate Finance Committee, who is infamous for having several single-payer advocates arrested last year during hearings on healthcare reform. Fowler was also instrumental in killing the public option in the final legislation."
http://californiaonecare.org/tag/liz-fowler/
BRAVO, WW!
Neutral Party

Prospect, KY

#8 Mar 23, 2014
The insurance companies also are getting hit with a new tax to help pay for this debacle. It is no joke these same people who help write the bill are members of the insurance industry. This was known 4 years ago.

What most don't realize is the govt stopped representing its citizens years ago. And many uninformed citizens here a good speech and get hyped while the people passing these laws don't read it before they vote on it.

Do you think Oblamo, Pelosi or Reid have actually read it? Hell, I wouldn't be surprised if McConnell or Boehner have read it.
Pope Che Reagan Christ I

Lodi, OH

#9 Mar 23, 2014
Wait what wrote:
<quoted text>
HEY, IDIOT.
Do you know who Liz Fowler is? She is the former WELLPOINT executive who helped write this thing along with Baucus and together they ARRESTED single-payer advocates. Now - that author of the ACA is a LOBBYIST for the insurance companies reporting to Obama & Co.
You are ridiculously clueless when it comes to politics, particularly this one. Here's some homework for you:
http://www.huffingtonpost.com/tag/liz-fowler
Are you a single payer advocate?

“Ludibrium est onus genio”

Since: Dec 11

Planet Earth

#10 Mar 23, 2014
Forcing people to buy insurance makes more profit for insurance companies. What a surprise![/sarc]

“Ludibrium est onus genio”

Since: Dec 11

Planet Earth

#11 Mar 23, 2014
Neutral Party wrote:
The insurance companies also are getting hit with a new tax to help pay for this debacle. It is no joke these same people who help write the bill are members of the insurance industry. This was known 4 years ago.
What most don't realize is the govt stopped representing its citizens years ago. And many uninformed citizens here a good speech and get hyped while the people passing these laws don't read it before they vote on it.
Do you think Oblamo, Pelosi or Reid have actually read it? Hell, I wouldn't be surprised if McConnell or Boehner have read it.
Wait til the excise tax on Cadillac plans goes into effect. The unions will be howling.

Since: Oct 10

Location hidden

#12 Mar 23, 2014
TonyD2 wrote:
<quoted text>
Wait til the excise tax on Cadillac plans goes into effect. The unions will be howling.
Oh I'm just waiting for the exemption for union employees. That's the dems base. They already pushed it beyond the 2016 election, didn't they?

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