Posted on 06/11/2015 3:07:10 PM PDT by george76
On Wednesday morning, the parent company said it will sell some small-group business lines to National General Holdings Corp. but exit the individual-health lines that are based in Milwaukee at 501 W. Michigan St.
The first phase of job reductions at Assurant Health will occur this summer and impact an estimated 300 employees of approximately 1,700 positions in Milwaukee and other locations, Assurant Inc. said.
Assurant Inc. said it will exit the health-insurance market over the next 18 months.
...
Assurant Health has been losing money the past two years, and Assurant Inc. executives cited the challenges of running Assurant’s health-insurance business under the Affordable Care Act
(Excerpt) Read more at bizjournals.com ...
If you like your Assurant Health Care... blah, blah, blah.
Another FUBOCare casualty.
Assurant failed to contribute to Obama and the Democrats. That’s how Fascism works, you have to support the government that’s in power and then the government ensures that your business becomes successful (See Tesla).
AFTR: I think you’ve posted on this situation before?
I guess economic theory would predict that marginal companies will leave the market place first.
“Assurant Health has been losing money the past two years, and Assurant Inc. executives cited the challenges of running Assurant’s health-insurance business under the Affordable Care Act. “
“Assurant Inc. said it will exit the health-insurance market over the next 18 months.”
Wow. That’s quick!
Assurant is only doing this racist maneuver to make Obama look bad. /s
And, Hey! No worries! PLENTY of well *COUGH* paying jobs for these 1,200 peeps at the new ‘Whatever Center’ for the Milwaukee Bucks! “Beer Here! Get ‘Chure Cold Beer Here!”
Kinda mean - but it is what it is.
Man, I miss The Old Days, more and more. And I REALLY miss Milwaukee before the Socialists started draining the lifeblood out of Her!
How old is this company?
I remember some left-wing hacks created insurance companies to take advantage of ObamaCare subsidies, some of those have already folded.
HOPE!!!
CHANGE!!!
...or somesuch
Assurant Health was a client of mine back in my consulting days.
The event horizon for them was in sight 7 years ago. The execs could not articulate their raison d’etre, just the numbers. Obamacare did accelerate the decline.
RIGHT ACCORDING TO PLAN!
Next step, single payer government run healthcare.
Thanks LIBs/DIMs and all who voted for these malignancies.
And the “5.5% unemployment” is a cruel joke to these people as they try to find new work.
The list, Ping
Let me know if you would like to be on or off the ping list
We’ve had Assurant Dental, for years. Long before 0KenyanCare was forced upon the nation.
Which makes this a worst thing I guess.
Too bad branding isn't enough to guarantee financial success.
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