Moody’s Downgrades Outlook for Insurance Industry from Stable to Negative, Thanks to ObamaCare … Changes Have Unsettled the Marketplace: Warns of ‘Unstable and Evolving Regulatory Environment’
Barack Obama ultimate plan … destroying the current insurance industry and creating a government run single payer system …
Thanks to Barack Obama, Democrats and Obamacare, the United States health insurers have been damaged causing Moody’s credit rating agency to downgrade the industry from stable to “NEGATIVE”. But wasn’t Obamacare supposed to be so much better than what the insurance industry was offering? Wasn’t Obamacare supposed to sign up the so-called 50 million uninsured Americans? But was that really what Obamacare was supposed to do? How could a plan be so botched, so poorly implemented and so poorly thought out, without it being intentional? Moody’s said, that the “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” have unsettled the insurance marketplace.
Isn’t this amazing, the community agitator, elected president is causing chaos, what a shocker.
Obamacare creating an unstable insurance environment … Intentional or Unintentional, you make the call
“I happen to be a proponent of single payer, universal health care plan.”
“That’s what I would like to see. But as you know we may not get there immediately.”
But excitement over the numbers was dampened by Moody’s, which downgraded its outlook for U.S. health care insurers from “stable” to “negative,” citing uncertainty stemming from Obamacare.
The White House has changed the playing field on the fly in recent weeks to ameliorate the consequences of the law, after an estimated 4 million to 5 million Americans lost existing plans that did not comply with Obamacare standards. The move came on top of other last-minute changes, such as a decision in July to delay the so-called employer mandate from 2014 to 2015, or after the midterm elections.
Moody’s said those changes have unsettled the marketplace.
“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 [Affordable Care Act] have imposed operational changes well after product and pricing decisions had been finalized.”
As PJ Media says, Lawlessness has consequences.