No, actually it lost about 90 million on the specific function over the least 3 years - that being the individual insurance market in Iowa. Wellmark itself had revenues of nearly 3 billion and paid nearly $23,000,000 in federal income tax which is a significant increase from 2015. That is not a sign of a corporation losing money.
http://www.modernhealthcare.com/article/.../170409973
If you click on where it says financial documents and scroll down to page 6 it will show you where the company's 2016 tax records are noted.
This is an industry problem because the republicunts are trying to blow up the ACA and really all they have to do is sit on their asses to attain that.
http://www.modernhealthcare.com/article/.../170409973
Quote:Wellmark's ACA exit shows why insurers need to know health law's future
Quote:For months, insurers have threatened to quit offering marketplace plans if they don't get the regulatory details they need to design and price their insurance plans.
Wellmark is a latecomer to the health insurance exchanges. It began offering marketplace coverage in Iowa this year. Before that, it sold individual insurance plans outside of the ACA marketplace. In a statement, Wellmark said it lost about $90 million from ACA-compliant health plans sold in Iowa over the past three years.
That's not a small sum, and insurers aren't in the business of withstanding losses to prop up a struggling market, said Craig Garthwaite, a health economist at Northwestern University. It's critical that the insurers are able to at least break even on the marketplaces, he said.
Still, the loss is a drop in a bucket relative to the $2.7 billion in revenue Wellmark recorded in 2016 alone, financial documents show.
If you click on where it says financial documents and scroll down to page 6 it will show you where the company's 2016 tax records are noted.
This is an industry problem because the republicunts are trying to blow up the ACA and really all they have to do is sit on their asses to attain that.
