To Learn the Truth Behind the Lies of the GOP, Go to the Source
Paul Ryan, the con man of the Congress likes to talk about how ACA is in a death spiral and killing everyone including the health insurance industry. So for the truth see what United Health, one of the leading health care insurers is saying.
"To briefly recap 2016, revenue of $184.8 billion grew nearly $28 billion or 18 percent as
earnings from operations advanced over 20 percent to $13.3 billion.
advanced 24 percent to $7.3 billion and adjusted net earnings per share grew
25 percent to $8.05 per share for the year.
Fourth quarter 2016 results included:
$47.5 billion in revenues;
• More than $3.5 billion in earnings from operations;
• Net earnings of $1.9 billion; and
• Adjusted earnings per share of $2.11.
All of these results were at or modestly ahead of the expectations set at our Investor
Conference in late November.
Operating cash flows for the year were $9.8 billion, 1.34 times net earnings, within our
range of expectation despite timing changes in several state payments."
Wow, but what about ACA
"In the full-risk commercial group business, we grew by 205,000 people in the quarter
and 375,000 people for the year, providing a positive starting point as we enter 2017.
This growth was broad-based, appropriately priced and balanced across geographic
regions, products and customer types.
In the self-funded segment, the market has been stable with strengthening employment
rates helping us grow within existing customers. In 2016, UnitedHealthcare grew to
serve an additional 335,000 commercial fee-based consumers, including 20,000 more
in the fourth quarter.
As expected, individual business declined in the fourth quarter. Premium deficiency
reserves taken earlier this year were sufficient, and we maintain an appropriate and
prudent residual reserve for claims not yet received. Consistent with our commitments
to you early in 2016, we do not believe our ACA-compliant individual business carries
any financial exposure forward into 2017. "(emphasis added)
Anyone think that's a death spiral? Anyone other than a lying Speaker of the House?