Skip to comments.Mass. insurers link steep losses to health care overhaul
Posted on 05/16/2014 10:28:24 AM PDT by Oldeconomybuyer
Swamped with a total of nearly $133 million in first-time taxes and fees assessed by the Obama administration to finance the federal health care overhaul, the states three largest health insurers Thursday posted steep losses for the three months ending March 31.
Insurance companies, like drug and medical device makers, were required to help fund the Affordable Care Act through annual taxes that must be booked in the first quarter for accounting purposes. But the insurers said they will try to recoup much of the added cost through the year by boosting premiums for employers and individuals buying insurance.
(Excerpt) Read more at bostonglobe.com ...
Dear ins. companies who wanted this...
I ain’t gonna be buying crap from you, so boost yourselves right out of business.
When I read things like this, I wonder if I will ever see the $2,500 savings in health care premiums Obama promised. - Tom
The same thing will be happening to insurers all over the country.
Obama’s Marxist plan to destroy the United States is well on track....
Obamacare supporters are gonna have to really “lean forward” to battle the stiff headwinds of increased costs to consumers.