This could be the first insurance company to go busted and terminate all business because of the Obamacare. People was told long before the healthcare bill was pass that it would drive insurance companies out of business as to force people to buy government ran healthcare. With Obama out today trying to resell his Obamacare to the elder Americans shows that he’s worried about the mid-term elections. The democrats are in a tough fight to get re-elected to congress after voting for Obamacare against the will of most Americans!
First insurance company goes bust due to ObamaCare
A Virginia-based insurance company says “considerable uncertainties” created by the Democrats’ health care overhaul will force it to close its doors by the end of the year.
In a letter to the company’s 50 or so employees, Executive Vice President James Slabaugh said nHealth has stopped accepting new group customers and will terminate all business by Dec. 31. SOURCE