Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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To: Brumar89 who wrote (634832)	11/6/2011 6:36:00 PM
From: J_F_Shepard	2 Recommendations Read Replies (1) of 1582756

Obamacare caused this? "Empire’s statement says the insurer is sensitive to the economic challenges facing small businesses and its goal is to offer affordable health insurance plans to New York’s small businesses, but that it has had financial losses in the small group business that it called unsustainable. “Several factors are driving our need to increase rates: health provider charges have gone up; fewer small group employers and employees are purchasing coverage so those remaining face higher costs; we are experiencing the affects of adverse selection in our risk pool; and, there have been reductions in state subsidies that previously served to lower cost and premiums for certain mandated products,” Empire’s statement reads.

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