Moody’s downgrades healthcare insurers due to Obamacare

 And the hits just keep on coming. Moody’s has downgraded healthcare insurers due to Obamacare:

Moody’s announced Thursday it was downgrading its outlook for health insurers from stable to negative based on uncertainty related to ObamaCare.

The credit rating agency cited an unstable environment because of the healthcare law’s difficult rollout, and projected that insurers would earn 2 percent less than forecast in 2014.

 “While we’ve had industry risks from regulatory changes on our radar for a while, the ongoing unstable and evolving environment is a key factor for our outlook change,” Moody’s Senior Vice President Stephen Zaharuk said in a statement. “The past few months have seen new regulations and announcements that impose operational changes well after product and pricing decisions were finalized.”

The Moody’s report also cites the slow enrollment of young people into ObamaCare as a reason for the downgrade.

“Uncertainty over the demographics of those enrolling in individual products through the exchanges is a key factor in Moody’s outlook change,” the ratings agency said.

Citing statistics released by the administration, it noted that so far about 24 percent of enrollees are between the ages of 18 and 34, while a target of 40 percent may be necessary to keep premiums from rising in the future.

It said the 24 percent of young people enrolled so far is “well short” of the 40 percent target

  Moody’s better have all its ducks in a row and they had better be prepared to face retribution for this because it has recently been alleged that the Obama regime, through Timothy Geithner, threatened S&P for downgrading the United States debt:

In his court statement, McGraw, 65, said Geithner called him on Aug. 8, 2011, after S&P was the only credit ratings company to downgrade the U.S. debt. Geithner, McGraw said, told him that S&P would be held accountable for the downgrade. Government officials have said the downgrade was based on an error by S&P. ‘S&P’s conduct would be looked at very carefully,’ Geithner told McGraw, according to the filing. ‘Such behavior would not occur, he said, without a response from the government.”

  The behavior would not be met “without a response from the government,” that sounds like a threat to me. How else can that statement be construed? Will Moody’s be next? I wouldn’t bet against it, would you?