Assurant Inc. announced last week one of its subsidiaries, Assurant
Health, an insurance company, will either be sold or shuttered after
losing tens of millions of dollars this year. The decision comes 18
months after the implementation of the Affordable Care Act, and industry
watchers argue Assurant Health’s end can be attributed to the new
health care law.
In a letter to its shareholders, Assurant Health said it lost money
because of a reduction in recoveries under Obamacare’s risk mitigation
programs and increased claims on the health care law’s 2015 policies.
I anybody paying attention to the details?
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