Pelosi snookered the CEO of UnitedHealth

Bloomberg: UnitedHealth Group Inc. should have stayed out of Obamacare’s new individual markets longer, the chief executive officer of the biggest U.S. health insurer said Tuesday, after announcing last month that it will take hundreds of millions of dollars in losses related to the business.

Instead of expanding into Obamacare next year, the company should have kept waiting, UnitedHealth CEO Stephen Hemsley said at an investor meeting in New York.

“It was for us a bad decision,” Hemsley said. “I take accountability for sitting out the exchange market in year one so we could in theory observe, learn and see how the market experience would develop. This was a prudent going-in position. In retrospect, we should have stayed out longer.”

So many folks in the healthcare business were fooled by the promise of unlimited Obamacare taxes.  Instead we got an unsustainable health care shortages.  Neither DC nor the large public sector states can afford the medical inflation. It is spiral time, right when the Kanosians planned it.