May 17, 2012

First Casualties of Obamacare: 2 Insurance Companies

Health Reform.Gov is spinning again. Obama and his minions claim you will be able to KEEP your current policy.

The Wall Street Journal says:

President Obama guaranteed Americans that after health reform became law they could keep their insurance plans and their doctors. It’s clear that this promise cannot be kept. Insurers and physicians are already reshaping their businesses as a result of Mr. Obama’s plan.

Health Reform.Gov contradicts that. And we have our first “casualty.” This from an insurance company in Richmond, Virginia. NHealth will be exiting the insurance market. In a letter sent to agents they tell them:

The newly enacted healthcare legislation now demands significantly higher capital as well as much higher loss ratios than had been previously required, creating thresholds that run counter to the efficiencies built into our business model. The most prudent and sensible conclusion for us is to discontinue the sale of healthcare policies and withdraw from the healthcare business. [sic] nHealth will terminate all groups by December 31, 2010.

Streamline Timberworks (lower right) saved more than $50,000—28 percent—by changing their company’s health insurance to nHealth. Because of ObamaCare, this company will lose its current health insurance plan, and its employees will have to switch insurance carriers and may lose access to their current doctors.

And American National will cease to sell individual policies as/of June 30, 2010 because of Obamacare.

Way to go, Obama. Your master plan to throw people into the government pool is right on schedule.

Crossposted

Comments

  1. Great info, thanks for useful post. I am waiting for more

  2. Billy396 says:

    This plan is right on schedule to completely eliminate Health Care as a benefit from your employer, at any cost. Obama’s quote from before he was president is the most honest, telling indication of what his plan actually represents. Obama’s quote (verbatim) – “I’m afraid that it’s going to take some time to completely eliminate employer-provided health care.” That has been his stated goal all along. He was, is, and remains to be an advocate of a single-payer plan. All of his numerous quotes stating that you will be able to keep your current doctor simply mean that you can do so ONLY if you can pay for your doctor out of your own pocket.
    Every statement that Obama has made regarding his health-care plans have been misleading at best, and overt lies at worst. He knows that almost every corporation that falls under his plan will simply choose to pay the fines to the government and stop providing ANY health-care option to their employees. These companies have a fiduciary responsibility to their stockholders to do so, since the fines cost nowhere near the cost of the health care plans that they’ve been paying. His goal is to funnel everyone into Medicare or Medicaid, thereby increasing government control over its’ citizens, in direct violation of the Constitution of The United States.
    It doesn’t take a genius to see through Obamaa’s smoke and mirrors, and to all of the people who voted for Obama because they felt that it was the ‘trendy’ thing to do, I hope you’re happy with the legacy that you’ve left to your children and all of the generations that have to follow this horrendous mistake (electing a man with absolutely no experience, a man with NO respect for the Constitution which he swore to uphold and enforce, and a man who has demonstrated and enacted his plans to Socialize America, in direct violation of his oath of office). ALL of you should be ashamed that you simply took the word of a Chicago con-man, without doing ANY research of your own, and doomed this country. He has dug a $5 Trillion dollar plus-size hole (all of his own) that is mathematically impossible for future generations to EVER pay. The interest alone on the national debt will soon exceed the GNP of the United States. When that happens, we will lose our AAA credit rating. The only possible outcome of these actions is runaway inflation.
    Yet now, AFTER digging us a hole that we can never escape, he has the nerve to say that we need to balance the budget (Pay-as-you-Go). The time for that action was before spending over $5 Trillion that we didn’t have. When government wants to spend money, they have 3 choices, raise taxes, borrow money, or just print money. ALL of these options are bad for our country. Future generations will pay the cost of his ill-conceived, Socialist-based, spendthrift policies, forever. IF he passes his pet Cap and Trade plan, we’re all doomed to a life on the edge of poverty, except, of course, for the politicians and millionaires. Cap and Tax will raise the cost of all forms of energy, and that will raise the cost of EVERYTHING else that you buy. This man is Anti-American, and he has proven numerous times that he is a traitor to his country in a time of war. When he promised to change America, it didn’t mean change it for the better of all.

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