Obama Care

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Originally Posted by mlmpetert

http://www.nytimes.com/2010/10/01/he...1&ref=business

Insurer Cuts Health Plans as New Law Takes Hold

By REED ABELSON

Published: September 30, 2010

"The Principal Financial Group announced on Thursday that it planned to stop selling health insurance, another sign of upheaval emerging among insurers as the new federal health law starts to take effect.
The company, based in Iowa, provides coverage to about 840,000 people who receive their insurance through an employer...."

They insure 840,000 people which is not allot and they probably would have made this move at some point to concentrate their efforts on retirement saving and other products.

On another note I read today that the mad rush of people who have no health ins. because of health issues is not happening. I guess until its free to them most will just not get coverage.New Plans For Uninsured Off To Slow Start - Kaiser Health News