by Mike ‘Mish’ Shedlock
A McKinsey study shows Obamacare insurers lost money in 2014 and the losses doubled in 2015.
Amazingly, the study concludes there’s nothing to worry about because “30 percent of insurers nationwide were profitable.”
Meanwhile, outright refusals to accept Obamacare mount. “Sorry, We Don’t Take Obamacare” is now a frequent response.
Losses Pile Up
The Hill reports Study Shows ObamaCare Insurers’ Losses Grew in 2015.