The rocky rollout of Obamacare and the uncertainty surrounding its future has a major credit ratings firm nervous about health insurers.
Moody’s Investor Service downgraded its outlook for the U.S. health care insurance sector to negative from stable on Thursday.
The move comes just days after contract documents between the Department of Health and Human Services’ and IT firm Accenture details the continuing shortfalls of healthcare.gov. If changes are not made to the sites’ back-end technology by March, the documents warn the entire health-care system may be in jeopardy.
Moody’s Analyst Steve Zaharuk, who authored the report, says it would take positive news regarding the implementation of the Affordable Care Act for the firm to upgrade the industry back to stable.
“We would need some positive enrollment numbers, the back-end problems with the exchange fixed and the regulatory environment, where changes are being made ad-hoc [stabilized]. Positive news would help the situation,” Zaharuk says.
Ramifications from the ACA will likely have a ripple effect on the health-care industry for years to come, Zaharuk says.Read the rest of the Story HERE and view a related video below:
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3 comments:
OBAMA SUCKS AS DOES CONGRESS&MSM...THATS NOT RACISM OR HATE SPEECH ITS CALLED" TRUTH!"
"OBAMA SUCKS AS DOES CONGRESS & MSM"
And We The People suck for electing these clowns, the same clowns who created, consolidated and continue the MSM(aka CBSNBCABCFOXCNN).
The solution is obvious: STOP VOTING FOR DEMOCRATS AND DEMOCRATS WITH AN "R" AFTER THEIR NAME. VOTE FOR TRUE CONSERVATIVES ONLY!!!
There are very very few 'DEMOCRATS WITH AN "R" AFTER THEIR NAME'. Only a handful. Practically non-existent. But in the minds of some people, there are masses of them in Congress. Just isn't true.
-Martha
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