Former Aetna Chief Reverses Obamacare Support

Newsmax.com
18 Jun 2012

A former CEO and chairman of one of the country’s biggest managed healthcare companies is reversing course on Obamacare, saying that the legislation raises serious constitutional concerns.

In a Wall Street Journal Op-Ed, Ron Williams, who served as both chairman and CEO of Aetna, said the Obamacare plan is not workable and that insurance would become unaffordable. His Op-Ed was headlined: “Why I No Longer Support the Health Insurance Mandate.”

“A workable solution used by many states is a high-risk insurance pool funded by broad-based taxes,” Williams wrote. “But Congress and the president chose to require health-insurance companies to guarantee issue—that is, to insure anyone at anytime.”

“This approach encourages people to only purchase insurance when care is needed,” he wrote. “Insurance does not work if you only pay two months of premiums and receive hundreds of thousands of dollars of healthcare. This is the equivalent of getting a free ride. Under such a system, consumers would end up paying more to offset the added costs of free riders. Insurance would soon become unaffordable.”…

The article continues at Newsmax.com

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