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Moody's Blames Obamacare for Downgrades
Posted: Jan 23, 2014
Wake up, America! Obamacare may be good for some, but NOT for the majority.
;
Of course, the insurance companies are being downgraded. sm - oldtimer
[ In Reply To ..]Because of the ACA their shareholders and CEOs won't be realizing big profits anymore. The maximum profit will now be only 15% a year and 85% of premiums must be spent on actual healthcare.
Is that the rationed health care we hear about? - sm
[ In Reply To ..]Someone has to pay for this. Young people are not signing up. Don't you realize Obamacare is destroying America?! The majority of people realize this, even his fans. It needs to be repealed.
Have you noticed the similarities with Romneycare? - sm
[ In Reply To ..]The implementation/sign up for Obamacare is running quite consistent with the initial signup with Romneycare in Massachusetts. The young people will get signed up when they absolutely have to. That is the way of the young.
...and all but 2% of the people in Ma are now insured. nm - VTMT
[ In Reply To ..].
Not at all. It means that the insurance companies...sm - VTMT
[ In Reply To ..]can no longer collect high premiums and deliver limited care or cancel your policy when you get sick. If they spend less than 85% of our premiums on actual care, they must return the difference to us. There is no longer any incentive for them to spend less and less on actual health care and reward the CEOs with bonuses for doing so.
I've come to the conclusion that the only ones who - like Obamacare
[ In Reply To ..]are the ones who derive benefit from it right now. To hell with the rest of us, especially young and middle-aged Americans who will be footing the bill for those unable or unwilling to work. My feelings exclude the seniors and disabled military. They've paid their dues and I'm all for helping them.
What does this have to do with Moody's advice to - stock market investments? nm
[ In Reply To ..]..
The reason for the downgrade is Obamacare. - nm
[ In Reply To ..]nm
Why do you care that wealthy investors are being advised not - to buy stock in heath insurance companies? nm
[ In Reply To ..]..
Moody's downgrades us. - sm
[ In Reply To ..]That says it all. The majority of Americans DO NOT WANT OBAMACARE! Period!
No, Moody's downgraded health insurance companies... - nm
[ In Reply To ..].
AND blames Obamacare. - nm
[ In Reply To ..]nm
Which means that, because of Obamacare, Moody's...sm - VTMT
[ In Reply To ..]can no longer recommend you buy health care insurance stocks because your returns will not be as great as in the past. I look at it as a good thing and just one of the first steps to taking profit out of health care. It's all about the money.
SPIN - nm
[ In Reply To ..]nm
That's an interesting point you make - I have the exact opposite one
[ In Reply To ..]I've come to the conclusion that the only ones who DON'T like Obamacare are the ones who derived benefit from the previous system, which favored people who either had gold plated cadillac benefit plans (along with their high paid jobs) and/or govt or union workers, and left the rest of us out in the cold.
The same corporations who devised the horrible junk insurance we have been forced to accept and pay through the nose for also have done their best to steal our wages with the help of trade agreements and the Chamber of Commerce.
The previous system was only for the rich and maybe a few lucky ones, govt workers or union workers, not for the majority of us.
Those who keep asking how will we pay for it? just don't get that we HAVE been paying for it and that it costs a lot more to spread the bill of an unpaid ER visit (which results in higher premiums for those of us who are insured) than it does for a registered Medicaid recipient to get payment for services rendered in the ER.
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