THE POTUS BHO CAN LIE AND SAY ANYTHING ABOUT HELPING THE POOR WITH HIS PENNACLE SHOVED RIGHT TO THEIR FACES BUT THIS POTUS BHO’S PENNACLE HAS BEEN POINTING STRAIGHT UPWARD FOR THE INSURANCE COMPANY AS HEALTHCARE INSURANCE COMPANIES GAINS A WINDFALL PROFIT FROM INCREASED PREMIUMS BECAUSE OF THE PPACA

While politicians and pundits alike inside the beltway beat up the White House over computer system glitches, health insurance companies still project robust revenue growth and profits from a boom in business from newly insured Americans under the Affordable Care Act.

Take this week’s third-quarter earnings report and financial projections of Wellpoint (WLP), one of the nation’s largest health insurers, which earlier this week raised its earnings guidance for the third time this year.  Amid a flurry of stories about the troubled launch of the federal health insurance marketplace web site known as healthcare.gov, Wellpoint said its improved outlook is due in part to gains from the Affordable Care Act. On Friday, the Obama administration named a contractor to fix the site, saying it should be fixed by the end of November.

Wellpoint is the parent of a number of Anthem and Blue Cross and Blue Shield branded plans and a key player in offering benefits to the growing population of consumers that are purchasing private coverage on exchanges as well as those covered by Medicaid insurance for the poor, which is also expanding under the Affordable Care Act.

http://www.infowars.com/despite-glitches-obamacare-profit-windfall-to-insurers-well-underway/