Obamacare Kills Jobs

Thanks Obama!  Thanks Feingold!

Assurant Health said Thursday that it will eliminate 130 jobs at its offices in Milwaukee and Plymouth, Minn., by Oct. 1 as the health insurer prepares for the pending changes under federal health care reform.

The company, based in Milwaukee and part of Assurant Inc., sells health insurance for individuals and small employers as well as short-term policies.

Companies that sell health insurance for individuals and small employers face an onslaught of new regulations under health care reform, including the requirement that they spend 80% of premiums on medical care.

“While it always is a tough decision to eliminate jobs, the health insurance industry is undergoing unprecedented change that requires our company to adapt and transform,” Don Hamm, president and chief executive officer of Assurant Health, said in a news release.