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What else can we say, but 'thanks, Obama and the Democrats'?
Today, Moody's Investors Service downgraded the U.S. Health Insurance sector from stable to negative, citing Obamacare as the reason. "While we've had industry risks from regulatory changes on our radar for a while, the ongoing unstable and evolving environment is a key factor for our outlook change," said Stephen Zaharuk, a Moody's Senior Vice President and author of the report. "The past few months have seen new regulations and announcements that impose operational changes well after product and pricing decisions were finalized."
I don't see why this might be unexpected. There was a lot of noise being made about how Obamacare was a "gift" to the insurance companies, when it's clearly going to result in their destruction.
This could mean the beginning of the end of insurance, maybe? That would be a GOOD THING>. one payer, here we come! At least here's hoping..
NOw let the vitriol begin.... LOl.
Health insurance is never going away. Private doctors will never go away. There is private care in every single country with a single payer system. Health insurance to use private doctors will be considered a luxury and you can expect businesses who want to retain employees will still offer private health insurance to use private doctors.
If single payer happens, you can bet that I will not be using a public doctor, and there's nothing wrong with that.
They should watch out. Standard and Poor's was warned by Geitner that the Obama admin would retaliate for the downgrade they did to the US, and now they are being sued for billions by the DOJ.
I don't see why this might be unexpected. There was a lot of noise being made about how Obamacare was a "gift" to the insurance companies, when it's clearly going to result in their destruction.
Common sense isn't actually very common.
I think the ACA was supposed to destroy the insurance industry. Why else would the front end be so broken that no one can hardly register as a new customer, and the back end section not be built yet, if they did not care to see that insurance companies would get any new customers, or get reimbursed?
So here we are, insurance companies are guessing at the subsides their customers get, and Obama, by delaying, waiving, and changing the rules on an almost daily basis, is doing his best to destabilize the entire industry.
It seems that the people are more satisfied that this is just criminal incompetence on the part of our government, and not a practiced and purposeful intent by this government.
Yeah...new regulations and pricing as things stablize to find their opitmum makes the outlook more unstable. No ****.
A number of conservatives are whining about downgrades weren't worried about the entire US getting a downgrade after defaulting on it's debt in the shutdown. Why this squeel about instability as things change?
They should watch out. Standard and Poor's was warned by Geitner that the Obama admin would retaliate for the downgrade they did to the US, and now they are being sued for billions by the DOJ.
But if the insurance companies go bust, it gives Obama an excuse to save the day for America, and nationalize them.
Yeah...new regulations and pricing as things stablize to find their opitmum makes the outlook more unstable. No ****.
A number of conservatives are whining about downgrades weren't worried about the entire US getting a downgrade after defaulting on it's debt in the shutdown. Why this squeel about instability as things change?
For the last time, we would never default on our debt payments, unless Obama violated the Constitution and decided to do so. That entire bull**** scenario is just that, bull****.
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