FORBES: With An Obamacare Boost, Cigna Latest To Raise Profit Outlook

[grahamhgreen]

Cigna (CI) became the latest in a parade of health insurance companies to report they are going to make even more money than they thought they would in 2014 thanks to new business strategies and a surge of younger customers signing up for coverage under the Affordable Care Act.

.........

The improved forecast is the latest in a parade of rosy financial projections from health insurance companies benefiting from the health law. Other insurers doing well include Aetna (AET) UnitedHealth Group (UNH), Humana (HUM) and Wellpoint (WLP), a major operator of Blue Cross and Blue Shield plans under the Anthem brand that also raised its profit outlook this week.

http://www.forbes.com/sites/brucejapsen/2014/05/01/with-an-obamacare-boost-cigna-latest-to-raise-profit-outlook/


NOTE: this is from 5/1/2014

[enlightenment]

1. I'm so happy for them.

[NightWatcher]

2. I don't understand why the powers that be fought Obama on the ACA

It's making them all a shitload more money.

Hatred of a black President > $$$$$$ ?

Their hatred is stronger than their greed. I never thought I'd see the day when anything won out over their avarice. They suppress self preservation for a few more bucks but let a black man get power oh no...

[steve2470]

4. I think it has to do with the Medical Loss Ratio of 80%

Even though their revenues and profits are UP, without the ACA, *maybe* theoretically the profits could be higher ? I don't know, just a guess. Otherwise, I'm with you.

[NightWatcher]

6. they could've negotiated that portion of the law away

But if 20% profit for providing no service (only billing and sending checks) is not enough, then I don't know what will ever be enough.

[grahamhgreen]

8. I don't understand why he negotiates with them.

[LiberalElite]

3. not surprised considering

my employer is switching to Cigna in a month and the price of everything is going up for me.

[Puzzledtraveller]

5. and since your employer offers insurance

you are not eligible for any SUBSIDY, even if you are not enrolled in the employee sponsored insurance. Medicaid caseworker doing KYNECT applications for the state of Kentucky since October 1.

[Stallion]

7. The Full Employment for Insurance Company Act

This has pretty well been the consensus of real experts from Day 1-all those new customers is their dream come true

[BrotherIvan]

9. Good for them!

They provide such such an excellent and necessary service. I just couldn't be happier!