Health Care “Reform” Could Shut Down Smaller Insurers

We knew this was coming.

The article is from Weiss rating services, one of the major Insurer Credit rating services and I am excerpting the key quote from their article below:

Martin D. Weiss, president of Weiss Ratings, said in a statement that provisions in PPACA, such as the removal of certain reimbursement limits and mandated coverage for pre-existing conditions, will force health insurers to spend more on medical care.

“Most large health insurers will be able to handle it. But we are concerned that weaker, less profitable insurers will be forced out of the market, reducing competition and ultimately leading to fewer choices and higher premiums for consumers,” he said.

If what the rating service says is true – then the latest Government foray in to insurance will have the same effect as almost every previous one: Higher rates.