To The Daily Sun,
Tony Boutin again tries to mislead readers concerning the Affordable Care Act. Here is the good news Boutin deliberately ignores. Reported on Dec. 27, 2015, according to the United States Treasury: "President Obama's seven year quest to salvage the United States economy from the damage done to it by his predecessor George W. Bush has been an overwhelming success."
The New York Times notes in part: "Aetna Inc., Anthem Inc., Cigna, Humana Inc., and UnitedHealth Inc., the five biggest American Health insurers, have outperformed the S&P 500 index over the last five years."
From Fortune magazine, Jan. 20, 2016, comes this article: "UnitedHealth Care & Obamacare" by Laura Lorenzetti. "While that's a hefty amount of money, 'exchange plans' are a small fraction of UnitedHealth's total business." The insurer still estimates that its adjusted earnings per share this year will be between $7.60 and $7.80 on $180 billion (that's billion!) in revenue. The exchange-related losses also don't seem to bother investors. UnitedHealth's stock is up 3.1 percent since Friday's close.
From Business Magazine of Nov. 20, 2015: "United Health Group mulls losses, blames Obamacare," but CEO Stephen Hemsley took home $66 million in 2014 in total compensation and pay. This included $45.5 million in exercised stock options. His actual salary is $1.3 million a year.
Modern Healthcare found that in "2014 compensation for some of the highest paid CEOs grew faster than the profits of the companies they oversaw." This is from an analysis of healthcare executive pay and healthcare company profits.
And finally, from Aaron Albright spokesman for the Centers of Medicare & Medicaid Services which oversees Obamacare: "As we've seen during the first two years of open enrollment, every day, tens of thousands more Americans turn to the health insurance marketplace for health coverage and even more return to the marketplace for another year. In fact about nine out of 10 returning consumers will be able to choose from three or more insurers for 2016 coverage."
- Category: Letters
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