Abominable Care Act: crisis for insurers

President Obama has summoned health insurance CEOs to the White House as he attempts continued damage control from the failed launch of his new health-insurance entitlement program. The Hill reports that the insurance executives will be joined by their industry’s top lobbyist for the White House huddle that will include senior adviser Valerie Jarrett and Chief of Staff Denis McDonough. Obama partnered with insurance firms to win passage of ObamaCare in 2010, promising to deliver young, healthy customers to the companies to offset costs associated with new regulations forcing them to cover those with preexisting conditions. But the botched launch of the program is proving dire for the industry. Insurers have reported widespread problems in the accuracy of data received as well as low numbers of enrollees. More