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Expect more and more of this unless Republicans can take over Congress and get the ObamaCare disaster repealed.

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