Moody's Downgrades Insurers, Citing Obamacare "Uncertainty"

[Revmitchell]

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

 

[thisnumbersdisconnected]

It has been the sole intent of this "president" from the day he took office, to bankrupt the insurance companies to a two-fold purpose: 1) institute single-payer socialized medicine run by the government, and 2) eliminate one of the biggest sources of investment in the economy, so that the government will have to step in and control the economy.

He wants a socialist police state. He is not that far from getting one. He keeps threatening to get things done without Congress ("I've got a pen, and I've got a phone"). We are sleeping through a takeover of our democracy. No one is doing anything about it. Soon it will be too late.

 

[Revmitchell]

Well the down grade of their rating exposes this.