BREAKING: Major Health Insurance Carrier May Pull Out Of Obamacare…Expects To Lose Over $200 Million in 2016 AloneIt turns out the words  affordable  and  care  were both horrendous lies pushed by the Left in order to prop up the most dangerous man to every occupy our Oval Office.If you like your insurance carrier, you can keep your insurance carrier. The nation s largest provider of health insurance announced this morning that it may choose to stop offering individual coverage after 2016, and will  pull back on its marketing efforts  immediately in this market. If the losses continue and United pulls out of next year s exchanges, it will set up a very bad moment for ObamaCare   and for Democrats just weeks before the election:UnitedHealth Group (NYSE: UNH) today reported revised expectations for 2015, reflecting a continuing deterioration in individual exchange-compliant product performance, and provided an initial outlook for 2016. In recent weeks, growth expectations for individual exchange participation have tempered industrywide, co-operatives have failed, and market data has signaled higher risks and more difficulties while our own claims experience has deteriorated, so we are taking this proactive step,  said Stephen J. Hemsley, chief executive officer of UnitedHealth Group.  We continue to be pleased with the growth and overall performance of our Company outside of the individual exchange products and look forward to strong, positive and broad based earnings growth across our enterprise in 2016.   UnitedHealthcare has pulled back on its marketing efforts for individual exchange products in 2016. The Company is evaluating the viability of the insurance exchange product segment and will determine during the first half of 2016 to what extent it can continue to serve the public exchange markets in 2017.Don t kid yourselves. If United is going to  pull back  on marketing efforts for 2016, it s because they don t see themselves being in the market in 2017. Just by announcing it, United has set up the expectation of withdrawal for investors, who do not want to have good money chasing after bad.Assuming nothing changes in the fiscal model   and after three years, it s not likely to suddenly improve   that would create a huge gap in choice for many Americans in the next open enrollment period. That would normally begin in October 2016, unless HHS decides to delay it, as they did ahead of the 2014 elections. Many voters will suddenly find their coverage expired, forced to choose another plan from a smaller list of options, all of which will no doubt become even more expensive for everyone thanks to the decline in competition. It s going to act like a bombshell on the election, especially for Democrats running to hold seats in Congress, and perhaps even in the presidential election.Philip Klein explains why prices will move even higher than usual:The year 2017 is significant for insurers, because that s the year when several programs designed to mitigate risk for insurers through federal backstops go away. The hope was that those programs would act as training wheels for Obamacare in its first few years of implementation, but after that, the insurers were supposed to be able to thrive on their own. UnitedHealth s statement suggests otherwise.If UnitedHealth and other insurers decide to exit, remaining insurers will be forced to take on even more high-risk enrollees, prompting them to either raise rates further or exit themselves. That in turn would deprive individuals of choices and remove competition, a key purpose of the exchanges. Klein sat in on a United conference call this morning, and got the scope of the losses:UnitedHealth expects to lose over $200 million on Obamacare in 2016 alone  Philip Klein (@philipaklein) November 19, 2015So don t expect United to suddenly see a reason to get back into the 2017 market, not without hefty risk-corridor subsidies   which under any other circumstances would be called  corporate welfare.  Given that Congress isn t likely to reverse course and underwrite ObamaCare losses, the path to the exit remains the likely course for United, and perhaps some of its competitors, too.United says it will remain committed to its Medicaid and Medicare businesses, and of course it will stick with its employer-based group coverage, where the issues of ObamaCare regulation have less impact. But this is a reversal for United on the individual markets, as Forbes  Bruce Japsen points out. Just last month, United s CEO declared that they still considered this a growth market.United has discovered that the trade-offs in mandates and forced coverage don t pay off. It s a bait-and-switch for insurers by the Obama administration, but it s even worse of a bait-and-switch for consumers. In my column today for The Fiscal Times, I argue that the financial model of ObamaCare has left consumers with a fistful of broken promises, and the worst of both worlds.Via:Hot Air Government News
breaking major health insurance carrier may pull out of to lose over million alone turns words affordable care horrendous lies pushed left order prop dangerous man every occupy oval like insurance carrier keep insurance carrier the nation largest provider health insurance announced morning may choose stop offering individual coverage pull back marketing efforts immediately market if losses continue united pulls next year exchanges set bad moment obamacare democrats weeks election unitedhealth group nose und today reported revised expectations reflecting continuing deterioration individual product performance provided initial outlook in recent weeks growth expectations individual exchange participation tempered industrywide failed market data signaled higher risks difficulties claims experience deteriorated taking proactive step said stephen wesley chief executive officer unitedhealth group we continue pleased growth overall performance company outside individual exchange products look forward strong positive broad based earnings growth across enterprise unitedhealthcare pulled back marketing efforts individual exchange products the company evaluating viability insurance exchange product segment determine first half extent continue serve public exchange markets kid if united going pull back marketing efforts see market just announcing united set expectation withdrawal investors want good money chasing nothing changes fiscal model three years likely suddenly improve would create huge gap choice many americans next open enrollment period that would normally begin october unless hhs decides delay ahead elections many voters suddenly find coverage expired forced choose another plan smaller list options doubt become even expensive everyone thanks decline competition it going act like bombshell election especially democrats running hold seats congress perhaps even presidential klein explains prices move even higher usual the year significant insurers year several programs designed mitigate risk insurers federal backstory go away the hope programs would act training wheels obamacare first years implementation insurers supposed able thrive unitedhealth statement suggests unitedhealth insurers decide exit remaining insurers forced take even enrolled prompting either raise rates exit that turn would deprive individuals choices remove competition key purpose exchanges klein sat united conference call morning got scope losses unitedhealth expects lose million obamacare alone philip klein philipaklein november expect united suddenly see reason get back market without hefty subsidies circumstances would called corporate welfare given congress likely reverse course underwrite obamacare losses path exit remains likely course united perhaps competitors says remain committed medical medical businesses course stick group coverage issues obamacare regulation less impact but reversal united individual markets forbes bruce happen points just last month united ceo declared still considered growth discovered mandates forced coverage pay it insurers obama administration even worse consumers in column today the fiscal times i argue financial model obamacare left consumers fistula broken promises worst hot air government news
Your task is to classify the provided input as real or fake news. Label 0 is meant for fake news, Label 1 is for real news. TEXT: BREAKING: Major Health Insurance Carrier May Pull Out Of Obamacare…Expects To Lose Over $200 Million in 2016 AloneIt turns out the words  affordable  and  care  were both horrendous lies pushed by the Left in order to prop up the most dangerous man to every occupy our Oval Office.If you like your insurance carrier, you can keep your insurance carrier. The nation s largest provider of health insurance announced this morning that it may choose to stop offering individual coverage after 2016, and will  pull back on its marketing efforts  immediately in this market. If the losses continue and United pulls out of next year s exchanges, it will set up a very bad moment for ObamaCare   and for Democrats just weeks before the election:UnitedHealth Group (NYSE: UNH) today reported revised expectations for 2015, reflecting a continuing deterioration in individual exchange-compliant product performance, and provided an initial outlook for 2016. In recent weeks, growth expectations for individual exchange participation have tempered industrywide, co-operatives have failed, and market data has signaled higher risks and more difficulties while our own claims experience has deteriorated, so we are taking this proactive step,  said Stephen J. Hemsley, chief executive officer of UnitedHealth Group.  We continue to be pleased with the growth and overall performance of our Company outside of the individual exchange products and look forward to strong, positive and broad based earnings growth across our enterprise in 2016.   UnitedHealthcare has pulled back on its marketing efforts for individual exchange products in 2016. The Company is evaluating the viability of the insurance exchange product segment and will determine during the first half of 2016 to what extent it can continue to serve the public exchange markets in 2017.Don t kid yourselves. If United is going to  pull back  on marketing efforts for 2016, it s because they don t see themselves being in the market in 2017. Just by announcing it, United has set up the expectation of withdrawal for investors, who do not want to have good money chasing after bad.Assuming nothing changes in the fiscal model   and after three years, it s not likely to suddenly improve   that would create a huge gap in choice for many Americans in the next open enrollment period. That would normally begin in October 2016, unless HHS decides to delay it, as they did ahead of the 2014 elections. Many voters will suddenly find their coverage expired, forced to choose another plan from a smaller list of options, all of which will no doubt become even more expensive for everyone thanks to the decline in competition. It s going to act like a bombshell on the election, especially for Democrats running to hold seats in Congress, and perhaps even in the presidential election.Philip Klein explains why prices will move even higher than usual:The year 2017 is significant for insurers, because that s the year when several programs designed to mitigate risk for insurers through federal backstops go away. The hope was that those programs would act as training wheels for Obamacare in its first few years of implementation, but after that, the insurers were supposed to be able to thrive on their own. UnitedHealth s statement suggests otherwise.If UnitedHealth and other insurers decide to exit, remaining insurers will be forced to take on even more high-risk enrollees, prompting them to either raise rates further or exit themselves. That in turn would deprive individuals of choices and remove competition, a key purpose of the exchanges. Klein sat in on a United conference call this morning, and got the scope of the losses:UnitedHealth expects to lose over $200 million on Obamacare in 2016 alone  Philip Klein (@philipaklein) November 19, 2015So don t expect United to suddenly see a reason to get back into the 2017 market, not without hefty risk-corridor subsidies   which under any other circumstances would be called  corporate welfare.  Given that Congress isn t likely to reverse course and underwrite ObamaCare losses, the path to the exit remains the likely course for United, and perhaps some of its competitors, too.United says it will remain committed to its Medicaid and Medicare businesses, and of course it will stick with its employer-based group coverage, where the issues of ObamaCare regulation have less impact. But this is a reversal for United on the individual markets, as Forbes  Bruce Japsen points out. Just last month, United s CEO declared that they still considered this a growth market.United has discovered that the trade-offs in mandates and forced coverage don t pay off. It s a bait-and-switch for insurers by the Obama administration, but it s even worse of a bait-and-switch for consumers. In my column today for The Fiscal Times, I argue that the financial model of ObamaCare has left consumers with a fistful of broken promises, and the worst of both worlds.Via:Hot Air Government News
Your task is to classify the provided input as real or fake news. Label 0 is meant for fake news, Label 1 is for real news. TEXT: breaking major health insurance carrier may pull out of to lose over million alone turns words affordable care horrendous lies pushed left order prop dangerous man every occupy oval like insurance carrier keep insurance carrier the nation largest provider health insurance announced morning may choose stop offering individual coverage pull back marketing efforts immediately market if losses continue united pulls next year exchanges set bad moment obamacare democrats weeks election unitedhealth group nose und today reported revised expectations reflecting continuing deterioration individual product performance provided initial outlook in recent weeks growth expectations individual exchange participation tempered industrywide failed market data signaled higher risks difficulties claims experience deteriorated taking proactive step said stephen wesley chief executive officer unitedhealth group we continue pleased growth overall performance company outside individual exchange products look forward strong positive broad based earnings growth across enterprise unitedhealthcare pulled back marketing efforts individual exchange products the company evaluating viability insurance exchange product segment determine first half extent continue serve public exchange markets kid if united going pull back marketing efforts see market just announcing united set expectation withdrawal investors want good money chasing nothing changes fiscal model three years likely suddenly improve would create huge gap choice many americans next open enrollment period that would normally begin october unless hhs decides delay ahead elections many voters suddenly find coverage expired forced choose another plan smaller list options doubt become even expensive everyone thanks decline competition it going act like bombshell election especially democrats running hold seats congress perhaps even presidential klein explains prices move even higher usual the year significant insurers year several programs designed mitigate risk insurers federal backstory go away the hope programs would act training wheels obamacare first years implementation insurers supposed able thrive unitedhealth statement suggests unitedhealth insurers decide exit remaining insurers forced take even enrolled prompting either raise rates exit that turn would deprive individuals choices remove competition key purpose exchanges klein sat united conference call morning got scope losses unitedhealth expects lose million obamacare alone philip klein philipaklein november expect united suddenly see reason get back market without hefty subsidies circumstances would called corporate welfare given congress likely reverse course underwrite obamacare losses path exit remains likely course united perhaps competitors says remain committed medical medical businesses course stick group coverage issues obamacare regulation less impact but reversal united individual markets forbes bruce happen points just last month united ceo declared still considered growth discovered mandates forced coverage pay it insurers obama administration even worse consumers in column today the fiscal times i argue financial model obamacare left consumers fistula broken promises worst hot air government news