Thursday, April 7, 2011

ObamaCare Is Starting To Bleed Insurers Dry

ObamaCare Is Starting To Bleed Insurers Dry:
"WellPoint, the health insurer with the largest total enrollment, is set to take a $300 million loss this year due to MLR-related costs. Already the insurer has reclassified more than half a billion dollars in administrative expenses as medical spending to help meet the loss-ratio target."
In other words they are attempting to game the system.
Poor Poor Insurance Companies.

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