Downgraded: Insurance Companies Taste Wrath of ObamaCare

Frontpage mag ^ | January 24, 2014 | Arnold Ahlert

[gooblah]

Another day, another dose of bad news for ObamaCare. On Thursday, Moody’s Investor Service announced it was downgrading its outlook for America’s healthcare insurance sector from “stable” to “negative,” due to ObamaCare. “While all of these issues had been on our radar screen as we approached 2014, a new development and a key factor for the change in outlook is the unstable and evolving regulatory environment under which the sector is operating,” Moody’s said. “Notably, new regulations and presidential announcements over the last several months with respect to the ACA have imposed operational changes well after product and pricing decisions had been finalized.”

[Liz]

OOPS, THOSE "TRANSPARENCY-LOVING" OBAMATONS NEVER FIGURED ON ACTUAL DISCLOSURES....in a required SEC filing, Humana insurers disclosed to investors, "as a result of Dec 2013 federal and state regulatory changes allowing certain individuals to remain in their previously existing off-exchange health plans, the Company now expects the risk mix to be more adverse than previously expected."

The change Humana is referring to is Obama's unilateral "administrative fix" aimed at allowing individuals to remain enrolled in plans that had been cancelled--imposed by Obama's signature healthcare law mandates. Obama announced the "fix" after a storm of criticism over his broken promise that anybody who liked their plan could keep it.

================================================

UT, OH---DEMOCRAT TROUBLE AHEAD Paranoid about his wife's chances in 2016, Bill Clinton publicly called on Obama to "honor the commitment he made" that people should be able to keep their health care plans. But State Insurance Commissioners w/ the power to do so, could not fix it. When that fixit failed, the Clinton camp began distancing itself from Obamacare. The massive problems associated with O/Care are raining down on the not-amused American electorate.

=================================

SIGNING "THE BIG EFFIN' DEAL"

"Those Democrats leering over my shoulder owe me bigtime. This
healthcare bill insures we have a permanent Democratic majority."

" All except those Tea Party types, swallowed hook, line and sinker my promises that they could:
(1) keep their existing health plans,
(2) keep their own doctors that they like,
(3) keep their 25-year-olds on the family health plan,
(4) never be denied coverage for a pre-existing condition,
(5) sign up instantly on my tech-savvy government Web site,
(6) buy insurance only after becoming seriously ill."
(7) save $2,500 in annual premiums in the bargain....
(8) All without any new taxes."

"Them sonovagun Tea Partiers will rue the day they criticized my wonderful bill."

[Texas Eagle]

“Notably, new regulations and presidential announcements over the last several months with respect to the ACA have imposed operational changes well after product and pricing decisions had been finalized.”

Yeah. Funny how that all worked out. The insurance companies had visions of millions of customers beating a path to their doors which is why they helped push through Obamacare.

Now they are getting bit in the Biden.

Not to worry. A bailout is in the works.

[Eric in the Ozarks]

Disgraceful !

[kindred]

The house should have began impeachment of the obamanation devil some time ago but refuse to stand and fight and always break ranks and run from the demonrats.

[abclily]

Obamacare is tyranny.

[blueunicorn6]

I have downgraded Obama from “Dumbass” to “Stupid s**t”.

[al_c]

Not all insurers backed OCare. At the time, I was working at one of the biggest BCBS organizations (covered 4 states) and they fought against it from the beginning. They even rallied those of us in the PAC to encourage our congress critters to vote against it.

[minnesota_bound]

How many millions of people have lost their jobs, their homes and their health because of the greed of these ceo’s who collaborated with the democrats?

I remember when they first fixed it so we could not even buy cold medicine that worked without a prescription. Now you cannot even see a doctor in time. How many deaths are they responsible for!

[Cen-Tejas]

......good point, but many of the biggest were ALL IN with their gay whitehouse partner and therefore deserve what ultimately happens to them.

I don’t think they can totally rely on a fed bailout either because at some point the US bond buyers are going to “just say No,”.............many already have.

[bert]

The stodgy beast of the business world is roaring it’s discontent with the horrendous and costly disruption of America wrought by an incompetent radical.

In the face of a harassment law suit against rival S&P for the lesser evil of downgrading bonds, Moody’s takes a much more painful slap directly at Obama’s face. The redness will swell and the stinging pain will persist and perhaps increase as others also join in the slapping.

[GizzyGirl]

I have been waiting for my new insurance rates (still paying the same as last year) because they can’t figure it out yet... seriously, I called to ask, where is my price change note that I was told I will be getting, and how much money do I have to have “saved” for when the bill comes in retro to July. $200/month, $300, $500, $10, am I going to be charged less? I am on a municipal employees plan and all this time, they still don’t know. Meanwhile I tell everyone, nope, sorry, can’t spend a dime — no eating out, no shopping, no movies, no nothing because Obamacare regulations have my insurance hanging over my head like a giant hammer, just waiting to hit me hard and I intend to be ready! I don’t really live pay check to pay check, I have room to spend, but nobody knows that... and I say it every time I am asked to open my wallet. Trying to get the word out every way I can...