The health care industry has taken a nosedive. The downgrading has many reasons behind it. Moody’s changed label from “stable” to “negative” shows that Obamacare is not all it’s made out to be.
It all began with the Affordable Care Act. The bringing into being of the program was inadequate. The enrollment was insufficient and there have been blunders at the source.
Furthermore, the changes that have been made and remade have led to a corrosion of trust on the consumer’s side. Then there is the Medicare Advantage. A huge scheme, it has been signed up for by close to 30% of senior citizens. But that number has gone down with the changing times.
The economy is in ruins. That is another issue to worry about. Individual businesses too are facing a tough time. There is a general malaise that has afflicted the times with its insecurity. At least, that was what the Moody’s Report mentioned in its latest edition.
The whole program known as Obamacare got off to a rocky start. It was ill-fated to begin with and appears to be a means of shoring up the Democratic Party’s flagging popularity ratings. The medical welfare policy faced inveterate opposition from the Republicans.
And for what seemed to be quite some time, the Government was shut down and its functions were brought to a halt. This took place last fall. It is hoped such a breakdown in good governance will not take place again. The negative trend in health insurance is a marker that shows that not all it well in the greatest nation on earth (that is America).