St Louis Commercial Loans: Obamacare Kills Small Businesses

Commercial Lending and Commercial Lenders 877-334-0210

St Louis Mortgage and Real Estate News –

St Louis Loan Audit News: Obamacare Kills More Businesses
St Louis Home Mortgage and Commercial Loans
| Principal Loan Reduction
877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Lending and Loan Compliance Advocate

Industry experts say more insurers will drop health care coverage or go out of business if they were forced to meet a January 1st deadline that requires them to boost the money devoted to providing care.

The Obama administration was awaiting the recommendation of the National Association of Insurance Commissioners, meeting in Orlando for how and when to implement key changes to the "Medical Loss Ratio" rule.

Under health reform, beginning 2011, insurance companies will have to spend 80 percent to 85 percent of the premiums they collect on care instead of toward their own profits and overhead costs.

Prior to reform, requirements varied from state to state. In some cases, insurers didn't have to meet any minimum requirements.

For example, some plans have a 40 percent loss ratio. That means individuals could be paying $1 for 40 cents of care.

Beginning in 2012 if insurers don't increase that loss ratio to 80 cents per dollar paid, they will have to give customers a rebate for the difference.

"The issue that some carriers will leave the market as a result of this is real," said Deborah Chollet, senior fellow and health economist with Washington-based Mathematica Policy Research.

She continues: "Some companies just won't be able to make it."

==================================================

ARE YOU UPSIDE DOWN ON YOUR HOME? ARE YOU FACING FORECLOSURE?

What if you could substantially reduce your existing mortgage debt balance in as little as 90 days with one simple application or even get a reduced mortgage principal settlement due to common errors found in 85% of mortgages?

Call Now For Your FREE MORTGAGE CHECK-UP
877-334-0210 or 314-334-0210 | Floyd Tapia

www.LibertyLendingConsultants.com
Home Foreclosure Hero
The Rigley Group
 

Or visit our principal reduction and loan reduction website for your FREE loan audit and review where you can fill out the quick application.

==================================================

Articles and News Sponsored by Liberty Lending Consultants

When applying for any type of St Louis mortgage, call Liberty Lending Consultants, the recognized St Louis home loan and refinancing experts, at 314-336-9111 and ask for Steve Swan or Doug Stahlschmidt.

For business owners looking for small business loans and alternative financing that works including home owners who are credit challenged or upside down on their home loan, call Floyd Tapia, host of the St. Louis "Mortgage Minute" at 314-334-0210.

As a commercial lending and principal reduction consultant, I focus on bringing you innovative private lending solutions and if necessary can provide a FREE commercial or residential loan audit to meet all types of financing needs. I have access to the largest portfolio of private lending institutions and investor backed funding sources available. Let me turn your challenges into closings by helping you get a nationwide or St Louis commercial lending and financing loan.

Sponsored by: St Louis Mortgage, Lending and Refinancing 877-334-0210 Member of the Better Business Bureau

Check back daily for more financial news.