Obamacare Will Have to Provide Bailouts to Insurance Companies Next Year

So far business is booming. According to a Forbes’ report in October, the value of the S&P health insurance index has gained 43%, double the gains made in the S&P 500.  The shares of CIGNA are up 63%, Wellpoint 47% and United Healthcare 28%.

Rules in Obamacare continue to change for insurance companies, though. Originally Obamacare required everyone to purchase insurance or face penalties, but millions of Americans have lost their insurance plans because of high costs. The new rule changes will exempt those Americans who lost their plans from buying any insurance. This poses a problem for insurance companies. Insurance companies will suffer financial losses if only sick (high risk) people sign up for the exchanges. Analysts claim that this rule change could bankrupt the system.

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Ask those 35% who still approve of Obama about who they think will be paying the bill…

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Pointing my finger on the brighter spots. We win, and winning is fun.

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