'Tragic' carrier exit, big name lawsuit lead week's news
June 12, 2015 10:59 AM
Overview
The industry made headlines this week when Assurant announced its leaving the health insurance market and ADP filed a defamation lawsuit against Zenefits. Heres how EBA readers reacted to this weeks news.
[Image: Fotolia]
[Image: Fotolia]
'Tragic' loss
Losing any carrier is terrible. Losing one who has been in business over 100 years is tragic. All because the federal government didn't reimburse them over $30 million dollars for losses they experienced because of this ill-fated Affordable Care Act!
Posted by Patrick C
Read the article: Assurant to officially exit health insurance market
[Image: Fotolia]
Posted by Patrick C
Read the article: Assurant to officially exit health insurance market
[Image: Fotolia]
Assurant will be missed
This is too bad they could not remain vibrant. Definitely a top-three best carrier I have dealt with from the prospect sales process (John Sullivan) to all the home office people. Highly responsive and on the up and up all the time. They will be missed and doubt any replacement.
Posted by Jay M
Read the article: Assurant to officially exit health insurance market
[Image: Fotolia]
Posted by Jay M
Read the article: Assurant to officially exit health insurance market
[Image: Fotolia]
Eliminate ACA subsidies
Laws must be enforced as written, and in this case that means the subsidies go away. If SCOTUS has any integrity or respect for law, they will side with King and invalidate the subsidies.
Posted by Vincent P
Read the article: More than 6M to lose nearly $2B per month if ACA subsidies ruled illegal
[Image: Fotolia]
Posted by Vincent P
Read the article: More than 6M to lose nearly $2B per month if ACA subsidies ruled illegal
[Image: Fotolia]
Keep tax credits, repeal the rest
Let the subsidies stay, but get rid of the rest of it. If the subsidies go, more states will want their own exchanges, the Feds will pay outrageous sums to build them and we will be no better off, but poorer.
Posted by Margaret F
Read the article: More than 6M to lose nearly $2B per month if ACA subsidies ruled illegal
[Image: Fotolia]
Posted by Margaret F
Read the article: More than 6M to lose nearly $2B per month if ACA subsidies ruled illegal
[Image: Fotolia]
Law of economics holds true
Ten million people lost insurance they liked when Obamacare took effect. Turns out the laws of economics hold for pie-in-the-sky schemes like Obamacare even if the Democrats wish they did not.
Posted by Frances R
Read the article: More than 6M to lose nearly $2B per month if ACA subsidies ruled illegal
[Image: Fotolia]
Posted by Frances R
Read the article: More than 6M to lose nearly $2B per month if ACA subsidies ruled illegal
[Image: Fotolia]
A bureaucratic nightmare
The waste of time and money to employers to satisfy the ACA is only something that a community organizer could think up and consider to be a good program. For those who wanted hope and change from Obama, you certainly got change. Now we need to hope for change so we can get rid of this ridiculous bureaucratic nightmare.
Posted by Bill H
Read the article: IRS clarifies ACA reporting requirements for large employers
[Image: Fotolia]
Posted by Bill H
Read the article: IRS clarifies ACA reporting requirements for large employers
[Image: Fotolia]
Too popular to repeal?
Medicare was as popular as Obamacare when it was instituted. Try getting rid of Medicare good luck!
Posted by Rick C
Read the article: IRS clarifies ACA reporting requirements for large employers
[Image: Fotolia]
Posted by Rick C
Read the article: IRS clarifies ACA reporting requirements for large employers
[Image: Fotolia]
Keep doing what youre doing, Zenefits
I hope the Zenefits board of directors keeps Parker Conrad around. If left to his own devices, he'll single handily bring down the company.
Posted by Bret H
Read the article: Zenefits, ADP dispute heats up with defamation lawsuit
[Image: Eric Millette]
Posted by Bret H
Read the article: Zenefits, ADP dispute heats up with defamation lawsuit
[Image: Eric Millette]
