by Mike ‘Mish’ Shedlock
Healthcare insurers are already taking it on the chin. Some insurers got out of the healthcare business entirely, others stopped coverage in multiple states due to mounting losses.
What happened is healthy individuals, especially millennials decided to opt out of Obamacare. Those who opted in after having been denied coverage previously were high-cost individuals.
Adding fat to the fire, a federal court ruled today that “cost sharing reductions” to insurers are unconstitutional payments.
Please consider Judge Rules for House GOP in ObamaCare Suit.