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Moody's Downgrades Health Ins. Companies

Mike

Well-known member
It's OK. We don't need these darn insurance companies anyway. We want to be insured by Uncle Sam.


A Few More Reasons To Repeal ObamaCare
Investor's Business Daily | Jan 31, 2014 | BETSY MCCAUGHEY

Moody's rating agency has lowered the outlook for health insurers from stable to negative, blaming ObamaCare.

Section 1342 of the Affordable Care Act forces taxpayers to make insurers whole for most of the losses incurred selling ObamaCare exchange plans through 2016. The bailout is designed to conceal the failure of the president's signature health law until he is out of office.

No one in the Obama administration talked up the advantages of bailing out insurers. It was kept under wraps until the fall of 2013.

As any business owner will tell you, a temporary bailout is no substitute for the rule of law. The bailout keeps ObamaCare on life support, at taxpayers' expense, while the free market expires and the rule of law disappears. That is the real state of the union.
 
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