Aetna CEO: Health Insurers Face Extinction

It’s not often that you hear the leader of a Fortune 100 company publicly acknowledge the imminent demise of his venerable, profitable business model.

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Comments (4)
"We need to move the system from underwriting risk to managing populations," - Isn't this what managed care was supposed to be about 20 years ago, at least until the health insurers usurped the concepts and corrupted the true models.
Posted by Nicholas B | Wednesday, February 22 2012 at 12:33PM ET
Some suggestions 1)
Posted by nsmurali | Wednesday, February 22 2012 at 4:11PM ET
Sorry, but the health insurance vertical wrote its own death warrant with cherry-picking, and with refusing to recognize the rise of the individual market.

It's not entirely their fault, tho, since the rise of employer-based health insurance didn't happen until a short-term fix for WWII defense plant wage freezes turned into an employer mandate, thanks to federal regulation.

The health insurance market should be a MARKET, like it is for all other types of insurance. LET PATIENTS HELP. Let patients buy the coverage, take the weight off of business and let people connect directly with the their own outcomes: behavioral, consumer, full-stop. If employers choose to help out as a true benefit, the bully for them.

The federal requirement that companies pay the bill for health insurance has given us four generations of peeps who have paid for healthcare with what amounts to other people's money. THAT'S the change that must occur for all of us - healthcare, its customers (commonly called patients), business, society in general - to see better outcomes.
Posted by MightyCasey | Wednesday, February 22 2012 at 4:52PM ET
I think you hit the nail on the head because until people understand that it is pharmaceutical companies and medical device and equipment manufacturers that are causing illness and disease the insurance companies are going to be demonized. I believe the health insurance companies have to team up with those that get it (i.e. alternative doctors, parents that think the vaccination schedule is too aggressive and those poisoned by drugs and gadolinium based contrasting agents. These companies poison with impunity....it's time for people to wake up and smell the coffee.
Posted by Sharon H | Monday, February 27 2012 at 1:53PM ET
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