The realities of ObamaCare are exploding around us on a daily basis now. Yesterday, McDonalds announced the probability of the mega-employer canceling heathcare coverage for their 30,000+ employees. Today a major health care provider announced that they are getting out of the game entirely.
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.
Principal’s decision closely tracks moves by other insurers that have indicated in recent weeks that they plan to drop out of certain segments of the market, like the business of selling child-only policies. State regulators say some insurance companies are already threatening to leave particular markets because of the new law. And some regulators in states li
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