Moody's is jumping on the health care reform bandwagon.
In a newly revised outlook for the insurance industry, Moody's has concluded that carriers have, for the most part, successfully adapted to the tenets of the Patient Protection and Affordable Care Act. As a result, it upped its industry rating from a negative to stable — an indication that it will keep a close eye on how things unfold, but that overall it anticipates a smooth transition into the brave new health insurance world.
"Our revised outlook on the US health insurance sector reflects the insurers' ability to adapt to health care reform," said Stephen Zaharuk, a Moody's senior vice president. "While ongoing legal and political uncertainties remain, we believe that insurers will continue to minimize these risks over the next 12 to 18 months."
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Dan Cook
Dan Cook is a journalist and communications consultant based in Portland, OR. During his journalism career he has been a reporter and editor for a variety of media companies, including American Lawyer Media, BusinessWeek, Newhouse Newspapers, Knight-Ridder, Time Inc., and Reuters. He specializes in health care and insurance related coverage for BenefitsPRO.
