Drudge Retort: The Other Side of the News
Thursday, January 23, 2014

Moody's Investor Service has changed its outlook for the U.S. health care insurance sector from stable to negative, citing Obamacare's rollout and the uncertainty it brings.

The private credit rating agency said potential fallout from the Affordable Care Act's implementation -- including changes to the individual market and the impact of the law's "employer mandate" on commercial group plans in January 2015 -- presents the greatest challenge to health insurers' credit profile. Lower reimbursement rates among Medicare Advantage plans also are creating financial pressure, it said.

"While all of these issues had been on our radar screen as we approached 2014, a new development and a key factor for the change in outlook is the unstable and evolving regulatory environment under which the sector is operating," Moody's said.

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Moody's Blames Obamacare For Downgrade In Health Insurers

Specifically, Moody's said it was disconcerting that only 24% of enrollees so far have been between the ages of 18-34, when the original target for this group was around 40%. If the trend continues without enrollment from the young and healthy to balance out the older and sicker, it could lead insurers to increase rates.

Moody's also cited a concern that insurers' premium calculations could be insufficient to cover the industry assessment tax -- the new tax on medical devices that begins in 2014.

Read more: www.businessinsider.com

#1 | Posted by paneocon at 2014-01-23 03:16 PM | Reply | Flag:

They sold their souls to Washington. Let em go bankrupt. Who cares.

#2 | Posted by Ray at 2014-01-23 03:21 PM | Reply | Flag:

Downgrading insurers....THAT can't be a positive economic indicator. Any impact to the market yet?

#3 | Posted by MUSTANG at 2014-01-23 03:25 PM | Reply | Flag:

#2 | POSTED BY RAY

Earth to RAY. Who will replace them? Are you rooting for single Payer? Because that's what's going to happen if these companies default on payments.

#4 | Posted by paneocon at 2014-01-23 03:31 PM | Reply | Flag:

Of course Ray wants single payer but he doesn't want to have to actually pay taxes to get it.

Just like Ray wants roads without taxes fire departments without taxes and his gold protected without taxes.

#5 | Posted by TaoWarrior at 2014-01-23 03:41 PM | Reply | Flag: | Newsworthy 1

"Who will replace them? Are you rooting for single Payer? Because that's what's going to happen if these companies default on payments."

The solution to the problem is all rolled up into ONE word....BAILOUTS! You can bet your booty if the insurances companies can't cover the obligations, WE, the TAXPAYERS, will do it by government mandate.!

#6 | Posted by jestgettinalong at 2014-01-23 03:53 PM | Reply | Flag:

SINGLE PAYER.

#7 | Posted by ichiro at 2014-01-23 04:05 PM | Reply | Flag:

Earth to RAY. Who will replace them? Are you rooting for single Payer? Because that's what's going to happen if these companies default on payments.
#4 | Posted by paneocon

They're corrupt and deserve to go out business. I haven't bought health insurance in decades. Just like I refuse to buy GM cars.

If I was a betting man, I'd bet on single payer. They made a pact with the devil; now the devil owns them.

But I'm not so sure that would happen. Other sources say that ACA limits insurance company liability to substancially low amounts. Taxpayer pay the rest.

#8 | Posted by Ray at 2014-01-23 04:08 PM | Reply | Flag:

You don't get it, Pcon.

If something doesn't effect Ray personally, well, it just doesn't exist for anyone.

Objectivists are like that.

#9 | Posted by Corky at 2014-01-23 04:10 PM | Reply | Flag:

#5 | Posted by TaoWarrior

Like all the rest, you've been so brainwashed, you have no idea what a free society would like it.

#10 | Posted by Ray at 2014-01-23 04:11 PM | Reply | Flag:

"Taxpayer pay the rest."

Ahhh...the "progressive" solution to all the country's problems.

#11 | Posted by jestgettinalong at 2014-01-23 04:15 PM | Reply | Flag:

#9 | POSTED BY CORKY

I'm coming to understand that. Ray seems a little inconsistent.

#12 | Posted by paneocon at 2014-01-23 04:18 PM | Reply | Flag: | Newsworthy 1

Ray seems a little inconsistent.
#12 | Posted by paneocon

Is the idea of resenting being forced to pay for what I don't want and can't use seem strange to you?

#13 | Posted by Ray at 2014-01-23 04:32 PM | Reply | Flag:

#13 | POSTED BY RAY

Exactly how do you think single payer will change that? Then you will be paying for medical care for anyone that can walk across the boarder.

#14 | Posted by paneocon at 2014-01-23 04:39 PM | Reply | Flag:

you have no idea what a free society would like it.

#10 | Posted by Ray

Everyone has an idea, but nobody really knows how it would turn out, including you.

#15 | Posted by Whatsleft at 2014-01-23 04:41 PM | Reply | Flag: | Newsworthy 1

Exactly how do you think single payer will change that?

"Single payer" would be the Federal Government and they would be absolutely controlling another one-sixth of the United States' economy and all three-hundred million and some citizens. AND, of course, since the Federal government has absolutely NO money and produces nothing, where do you suppose they will get the money to maintain all that control?
With the Federal Government now controlling government agencies like the Depts. of Commerce, Energy, Education, and the IRS, EPA, OSHA, BATF, etc and using them to punish citizens not worshipping them, just imagine what might happen when they control our health care as well.
NO THANK YOU!

#16 | Posted by jestgettinalong at 2014-01-23 04:51 PM | Reply | Flag:

Everyone has an idea, but nobody really knows how it would turn out, including you.
#15 | Posted by Whatsleft

Speak for yourself. You have no idea what I know.

#17 | Posted by Ray at 2014-01-23 04:54 PM | Reply | Flag:

"Everyone has an idea, but nobody really knows how it would turn out, including you."

The results of the past are the best predictor of the future. That being the case, I'd like to see the feds stay to hell out of most any big program, especially those requiring huge expenditures of taxpayer money.

#18 | Posted by jestgettinalong at 2014-01-23 04:59 PM | Reply | Flag:

Exactly how do you think single payer will change that? Then you will be paying for medical care for anyone that can walk across the boarder.
#14 | Posted by paneocon

Look. I'm just an observer. ACA has a 50 year legacy from the time of Medicare. Within that time, health care costs have risen 1.5% of GDP each and every year to about 15% of GDP. I think they have reached the limit of rising costs. Now they have to cut benefits and services. Whatever they call it, that's what has to happen.

I have no interest in insurance because I know how to stay healthy. The subject of how to prevent disease is too large to go into. My experience on this site is that hardly anyone thinks it can be done.

#19 | Posted by Ray at 2014-01-23 05:07 PM | Reply | Flag:

"Are you rooting for single Payer"

The heritage foundation sure is --- it was their idea after all.

Not only that, you Bushlings liked the idea so much you all had it written into the Iraqi conconconstitution that you patted on yourself on the back as an example to all the world.

#20 | Posted by ChiefTutMoses at 2014-01-23 05:10 PM | Reply | Flag: | Newsworthy 1

"Are you rooting for single Payer"

Single payers basic structure was first proposed by the conservative Heritage Foundation in 1989, first written into a bill by Senate Republicans in 1993, and first passed into law by a Republican governor by the name of Mitt Romney in 2005

HAR~HAR~

#21 | Posted by ChiefTutMoses at 2014-01-23 05:14 PM | Reply | Flag:

"Are you rooting for single Payer"

Article 31 of the Iraqi Constitution, drafted by the Bush administration in 2005 and ratified by the Iraqi people, includes state-guaranteed (single payer) healthcare for life for every Iraqi citizen.
Article 31 reads:
"First: Every citizen has the right to health care. The State shall maintain public health and provide the means of prevention and treatment by building different types of hospitals and health institutions.

Bush was, and he used you to make it happen (you rooted for it then). derp!

#22 | Posted by ChiefTutMoses at 2014-01-23 05:16 PM | Reply | Flag: | Newsworthy 1

"Are you rooting for single Payer"

The heritage foundation sure is --- it was their idea after all.

#20 | Posted by ChiefTutMoses

Sorry Chief, RomneyCare is not single payer.

#23 | Posted by Whatsleft at 2014-01-23 05:16 PM | Reply | Flag:

What was moody's ratings for securitized debt obligations in december 2007?

#24 | Posted by Prolix247 at 2014-01-23 06:17 PM | Reply | Flag:

jesus, could chief get any dumber....or is the whiskey he drinks in good supply?

#25 | Posted by eberly at 2014-01-23 07:52 PM | Reply | Flag:

Sweeeeeeeeeet!

#26 | Posted by MSgt at 2014-01-23 08:30 PM | Reply | Flag:

"I have no interest in insurance because I know how to stay healthy."

Famous last words.

#27 | Posted by danni at 2014-01-23 09:00 PM | Reply | Flag:

"Like all the rest, you've been so brainwashed, you have no idea what a free society would like it."

It would look like there was no society because there wouldn't be one.

#28 | Posted by danni at 2014-01-23 09:14 PM | Reply | Flag:

you people have no idea what this and the unpayable expansion of medicaid is going to do to this economy...this is just the little wave before the storm before the tsunami..

#29 | Posted by afkabl2 at 2014-01-23 10:55 PM | Reply | Flag:

I think single payer is the way to go. That payer should be George Soros.

#30 | Posted by sames1 at 2014-01-24 12:19 AM | Reply | Flag:

before the storm before the tsunami..

#29 | Posted by afkabl2

You do understand that a tsunami is not preceded by a storm, right?

#31 | Posted by Whatsleft at 2014-01-24 03:33 PM | Reply | Flag:

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