Friday, February 25, 2011

ObamaCare Is Starting To Bleed Insurers Dry

In an industry that already suffers low profit margins, mandates are driving insurers from the health insurance sector altogether. Nearly three weeks after U.S. District Judge Roger Vinson ruled the president's health care overhaul unconstitutional in a lawsuit brought by 26 states and the National Federation of Independent Business, confusion is plaguing the American health care system. Some states are preparing to enforce the law while others have adopted a wait-and-see approach. The Obama administration, meanwhile, has asked Vinson to clarify that states must implement the law while the appeals process runs its course. Despite all the uncertainty, private insurers...

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