Insurance Company The First Victim Of ObamaCare

Sadly, expect more and more of this, which goes right along with what the ObamaCare supporters and legislators actually want

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.

The firm, nHealth, appears to be the first to claim that the new law has driven it out of business. “We don’t know what the rules are going to be, and, as a start-up, our investors need certainty,” nHealth CEO and President Paul Kitchen told POLITICO. “The law created so much uncertainty that is beyond our control.”

Last week, 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.

“The uncertainties in the regulatory climate coupled with new demands imposed by national health care reforms have made it challenging to sustain the level of sales required to remain viable over the long run,” Slabaugh wrote.

Of course, the Usual Suspects will just blame it on the company being mean and greedy. Standard liberal slurs. And, of course, insurance companies are not perfect. We all know that. But, I guess when Obama stated that if you like your insurance, you can keep it, he didn’t mean if you were an nHealth customer.

Expect more and more of this unless Republicans can take over Congress and get the ObamaCare disaster repealed.

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10 Responses to “Insurance Company The First Victim Of ObamaCare”

  1. Larry says:

    If. You. Like. Your. Insurance. You. Can. Keep. It!

    Probably a bunch teabaggers trying to make The Won look bad.

  2. captainfish says:

    I am more of the pessimistic view…. ObamaCare won’t be repealed.

    How many laws has the US congress repealed? Isn’t it harder to repeal a law than to enact one? Doesn’t it take 2/3 votes?

    So far only about 20 states have started a fight, or looking in to it.

    People today are sheeple. They take what is given them. They will roll over with this and allow their Reps to do the same.

  3. Bunny Colvin says:

    Wow. Big news! A company with 50 employees is going out of business. How will our economy ever recover?

    As usual, your piece (of shit) on this topic is oversimplified. This company went out of business because of Obama, you say. Don’t you think that their business model might have been flawed? I visited there website and came across this nugget…”The nHealth Plan returns to the basics of health insurance by focusing on coverage for those healthcare services that represent the greatest risk of financial burden on individuals and families.”

    This idea, while noble, is surely a loser in a business sense. Helath insurers make money by denying coverage for expensive procedures, not focusing on them. But you refuse to understand this. Which probably would explain why you are a grown man still working in retail. You should go to business school before you start spreading your uninformed opinions on the state of the healthcare sector. Perhaps then you’ll look like less of a jackass.

  4. gitarcarver says:

    Perhaps then you’ll look like less of a jackass.

    Projecting again?

    Clearly you don’t understand that this company fulfilled a niche in the insurance marketplace. The rules of Obamacare won’t allow that niche to exist anymore so the company had to either fold or change its way of doing business altogether.

    The only person who refuses to understand anything, is you.

  5. Bunny Colvin says:

    Niche market, huh? How much revenue was this company generating before the “uncertainty” came about? I’d love to know.

    You’re a fucking idiot, GC. You’ve shown that you understand very little about business. And the English language.

  6. Otter says:

    Reasic! Watch your language!

  7. gitarcarver says:

    Niche market, huh? How much revenue was this company generating before the “uncertainty” came about? I’d love to know.

    I see. So you were blaming the company without any knowledge of what they did, or their financial history?

    So despite being one of Richmond’s “Companies to Watch,” (an award of excellence) you feel compelled to tell them that their business planned was flawed?

    What are you basing that on, given that you have admitted that you haven’t seen their books? Was it any of the thousands of customers and agreements they had with real people?

    You’re a fucking idiot, GC.

    Now now, Bunny. Your frustration with a lack of reading comprehension is showing.

    Take a chill carrot or something.

    You’ve shown that you understand very little about business.

    Well, you’ve said that you made money on selling shares in people’s businesses. Ever have the guts to start a business? Run it? Be successful in it?

    I have, so until you say differently, I am one up on you.

    And the English language.

    We’ve covered your inability to read and comprehend before, Bunny. There is no need to broadcast your inner thoughts of inadequacies to the rest of the world.

  8. Bunny Colvin says:

    Wow- one of Richmond’s “companies to watch”! That’s big time. Did it ever occur to your dumb ass that at one time Enron was one of Houston’s “companies to watch”? Or that Lehman Brothers was a firm that a lot of people watched? Worldcom had thousands of customers and agreements with “real people”. What does that prove? That they were on sound financial footing? I think not.

    What I said was that I sold off all of the shares in the company that I worked for. I knew they were going down, so I left the firm and sold my interest in it. A rather savvy business decision. I wasn’t aware that one had to be an entrepreneur to be a successful business person. Have you ever had the “guts” to trade billions of dollars worth of securities? You aren’t “one up on me” in any sense. You are a nobody.

    My inability to read and comprehend? Hmmm. Take a look at this statement-

    “Larry, racists like ‘lil Lying johnnie ryan and reasic / bunny”

    Now, please explain to me (since you refused to before) how the above quote refers to only Ryan as a racist. Do you deny the existence of the word “AND” between our names? Or are you just a moron? Please explain. You are the one who can’t comprehend what you read, dipshit.

  9. gitarcarver says:

    I think not.

    Agreed.

  10. Bunny Colvin says:

    Again you refuse to explain your interpretation of the quote. You are the one who can’t read.

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