Despite Glitches, Obamacare Profit Windfall To Insurers Well Underway

Forbes | October 26, 2013

By Bruce Japsen

While politicians and pundits alike inside the beltway beat up the White House over computer system glitches, health insurance companies still project robust revenue growth and profits from a boom in business from newly insured Americans under the Affordable Care Act.

Take this week’s third-quarter earnings report and financial projections of Wellpoint (WLP), one of the nation’s largest health insurers, which earlier this week raised its earnings guidance for the third time this year.  Amid a flurry of stories about the troubled launch of the federal health insurance marketplace web site known as healthcare.gov, Wellpointsaid its improved outlook is due in part to gains from the Affordable Care Act. On Friday, the Obama administration named a contractor to fix the site, saying it should be fixed by the end of November.

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3 Responses to Despite Glitches, Obamacare Profit Windfall To Insurers Well Underway

  1. Lanny says:

    Thinking outside the box, Electronic Health Monitoring technologies are going to be used to reduce the need for “doctors”. Online telemedicine will reduce the need for human healthcare professionals.

  2. Lanny says:

    Thinking outside the box, Electronic Health Monitoring technologies are going to be used to reduce the need for “doctors”. Online telemedicine will reduce the need for human healthcare professionals. Physical and mental health monitoring will include patients being required to put on them an electronic “patch” or “tattoo” that can monitor and decode electrical impulses from the heart and brain. Smart devices will then advise them on what would be the best course of action to improve their health, for instance. Many medical “apps” already exist, and others are being developed.

  3. Jeff says:

    It may also be a good idea to talk directly to the doctors. I had heard mixed reviews from doctors in the trenches with most having a dim view of the law. However a doctor did a fantastic video about what will happen to health care professionals and it is quite alarming http://obamacareaca.com/videos/

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