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Moodys downgrades health insurers

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  • Moodys downgrades health insurers

    January 23, 2014

    Major credit-rating firm Moody’s on Thursday downgraded the outlook for health insurers from stable to negative, citing the new health-care law’s botched rollout as a significant factor.

    Moody’s highlighted the relatively low sign-up rate among young adults and a slew of last-minute regulatory changes by the Obama administration as posing risks to health insurers selling policies on the new exchanges.


    Don't worry about what you can't change.
    Do the best you can with what you have.
    Be honest, even if it hurts.

    "Socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy; Its inherent virtue is the equal sharing of misery" ... Winston Churchill

  • #2
    But I thought the insurers stood to make profits for years?

    Comment


    • #3
      Patiently waiting on the indictment or charges brought upon Moody's by the Justice Dept now for something...ANYTHING.

      Comment


      • #4
        Yeah

        Originally posted by Trip McNeely View Post
        Patiently waiting on the indictment or charges brought upon Moody's by the Justice Dept now for something...ANYTHING.
        Their being audited by the IRS.
        Don't worry about what you can't change.
        Do the best you can with what you have.
        Be honest, even if it hurts.

        "Socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy; Its inherent virtue is the equal sharing of misery" ... Winston Churchill

        Comment


        • #5
          Regardless of whether or not Moody's was getting audited before or after they released the downgrading, a trend has already been established that if you speak out, speak ill of, or you're just doing your business and your business happens to cast a negative light on the LIC, you're getting audited.

          At least that's how it seems.
          Ronald Reagan:"Government's view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it."

          Homer: "Bart...there's 2 things I know about women. Never give them nicknames like "jumbo" or "boxcar" and always keep receipts...it makes you look like a business man."

          Comment


          • #6
            Originally posted by barronj View Post
            Regardless of whether or not Moody's was getting audited before or after they released the downgrading, a trend has already been established that if you speak out, speak ill of, or you're just doing your business and your business happens to cast a negative light on the LIC, you're getting audited.

            At least that's how it seems.
            Ready for that audit? Lol
            Originally posted by Sean88gt
            You can take white off the list. White on anything is the best, including vehicles, women, and the Presidency.
            Originally posted by Baron Von Crowder
            You can not imagine how difficult it is to hold a half gallon of moo juice and polish the one-eyed gopher when your doin' seventy-five in an eighteen-wheeler.

            Comment


            • #7
              Originally posted by Gtracer View Post
              Ready for that audit? Lol
              I literally paused & thought about that as I was writing that post... At least I'll have company (like about 1/2 this board)
              Ronald Reagan:"Government's view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it."

              Homer: "Bart...there's 2 things I know about women. Never give them nicknames like "jumbo" or "boxcar" and always keep receipts...it makes you look like a business man."

              Comment


              • #8
                The gov't is going to get Moody's on-message, one way or another.
                Jay Johnson
                Car hauler for hire

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