Fitch Holds Negative Outlook On Health Insurers
Monday, Jul 27,2009, 3:57:45 PM Click:
The new outlook covers Aetna Inc., Blue Cross Blue Shield of Florida, Blue Cross Blue Shield of Idaho Health Service Inc., Cigna Corp., Coventry Health Care Inc. and Health Care Service Corp.
The revision means Fitch holds a negative outlook for all 12 health insurers it covers. Negative outlooks remain for Health Insurance Plan of Greater New York, Health Net Inc., Healthmarkets Inc., Humana Inc., UnitedHealth Group Inc. and WellPoint Inc.
"The negative outlook reflects the strong potential for national health care reform and its possible adverse implications on each company's financial strength and creditworthiness," Fitch said, in s statement. "Though no bill has been finalized yet, and multiple policy schemes are possible, most of the alternatives being debated could weaken health insurers' financial profiles in Fitch's view."
One key concern expressed by insurers is the potential for a government health insurance plan taking customers, and revenue, away from private plans. President Obama hoped for Congressional action on a plan before the August recess, but Democrats have signaled that any bill will likely be delayed until after the recess.
You may also be interested in:
- The Fayetteville Observer, N.C., Bill Kir column: Thursday was rough on ol' Bill
- Individual Long Term Care Insurance Premium Falls 23 percent
- CRM Holdings Leads Wednesday's AMBG as Global Insurance Index Declines 0.79%
- BUSINESS IN ASIA TODAY - JUNE 16, 2010
- Obama seeks $ 634B over 10 years for health care
Featured
With Scammers On The Prowl, did your homework before
Copyright: The Dallas Morning News Source: Dallas Morning News, The Wordcount:
Colo. Department of regulators Insurance Agent 'Strips
The Colorado Department of Regulatory Agencies has revoked Colorado Springs
Regulatory Reform, Rewards for Quality Insurers Ahead,
Skepticism over the financial condition of insurance companies is healthy and
Merck sued over patent on allergy drug Singulair
NEW YORK_The battle over the patent on Merck and Co.'s allergy and asthma drug
Mass. Gov. Wants to Expand Power of Regulators to
Massachusetts Gov. Deval Patrick has proposed reforms that include expanding
Gov't plan can coexist with private insurance
WASHINGTON_A new health insurance scheme called by President Barack Obama and
MOST POPULAR
- Most Read
- Most Discussed
- Most Emailed
- average monthly cost for health insurance
- Aetna CEO Ronald A. Williams' 2008 Pay Package: $3.14 Millio
- House Democrats Say CBO Projects $500 Billion in Gross Savings From Medicare
- UnitedHealth, Aetna Win TRICARE contracts, Replacement Humana, Health Net
- Getting Older, but working longer: the average age at retire
- Tap Retirement Funds Penalty-Free Age Can Play A Role IRA
- Extension of TRICARE Health Insurance Coverage Included
- "Usual and Customary" Rates in the Health Insurance Industry
- Health Plans awaiting verdict in 2010 Medicare Advantage Cut
- President Obama to Hold Health Insurance Reform Rally in College Park, MD
-
Bipartisan health care bill must include GOP proposals -
Why do you need health insurance? - Questions About Health Insurance -
Study Reveals Many Business Owners Have No Plan for Retirement -
Getting Older, but working longer: the average age at retire -
Lloyds Reviews Insurance Assets -
Health System Feud Now A Federal Case -
Bennet Leads Colleagues in Back-to-Back Speeches Setting the Record Straight on Health Care Reform Myths -
HealthChoice vendor progresses with insurance claims


Discuss this news
Click Here to see all comments