Moody's Downgrades Insurers, Citing Obamacare "Uncertainty"

You'll recall that Standard & Poors downgraded the US government's credit rating for the first time in history during Barack Obama's first term -- a decision for which they were reportedly threatened by the administration. Now another ratings agency is slapping the health insurance industry with a fresh downgrade -- and the cause-and-effect calculus isn't ambiguous:

Credit ratings firm Moody's Investors Service on Thursday lowered its outlook for health insurers to "negative" from "stable," citing "uncertainty" swirling around the rollout of President Obama's health care law. In a new report, the agency said that the outlook for insurance companies is no longer clear because the law's insurance exchanges haven't been attracting enough younger individuals. In addition, Moody's analysts were concerned that the Obama administration has been changing regulations after insurers had already set prices for the year..."The past few months have seen new regulations and announcements that impose operational changes well after product and pricing decisions were finalized."

http://townhall.com/tipsheet/guyben...urce=thdaily&utm_medium=email&utm_campaign=nl

 

Well the down grade of their rating exposes this.