Tuesday, April 5, 2016

Peter Lee: UnitedHealth is a whiny little b*tch

I have a lot of headlines saved up that I've been meaning to blog about, but haven't had the time.  I'm hoping to do a little catching up this week, though, so stay tuned!

This one harkens back to United's announcement that their Obamacare plans had lost them a lot of money.  Well, Peter Lee -- the executive director of Covered California -- says that United needs to put on their big kid pants.

California Exchange Chief Rips UnitedHealth For Obamacare Excuses

"Instead of saying, 'We screwed up,' they said, 'Obamacare is the problem and we may not play anymore,' " Lee said in an interview with California Healthline. "It was giving an excuse to Wall Street and throwing the Affordable Care Act under the bus."

Pretty much.  Not to mention their complaints are so obviously missing the point of Obamacare: to insure people who couldn't previously get health insurance.  That means a lot of people with pre-existing health conditions at first, and of course they cost the insurer more money.

But I don't think they should be allowed to compare their Obamacare plans with their traditional plans.  That's like making a three-legged dog race against a Greyhound.  The purpose of insurance is to spread the costs of disease across the entire population, so comparing a traditionally healthy department with a department that was created to pick up the people with health problems simply isn't a fair comparison.

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