What do ObamaCare bureaucrats care about spending taxpayer dollars in a fiscally responsible manner?
At least publicly, Obamacare officials don’t appear too concerned that major insurers have said they’re losing money in the new insurance marketplaces.
UnitedHealth made waves last month when it threatened to pull out of the Affordable Care Act’s new insurance exchanges next year while projecting higher-than-expected losses. And this week, Cigna CEO David Cordani told Kaiser Health News that his company isn’t making any money selling the new plans, although he doesn’t plan to halt participation.
Asked Wednesday about the recent concerns shared by insurers, top officials with the Centers for Medicare and Medicaid Services declined to address specific companies while stressing the natural ebbs and flows of participants in any market.