Marketplace Morning Report for Monday September 1, 2014
Two more casinos in Atlantic City is closing down. That makes three that have announced their closure in the last month. The gaming industry is suffering due to foreign competition, and Atlantic City is the most obvious casualty. Plus, insurers can no longer reject customers with expensive medical conditions thanks to the Affordable Care Act. But consumer advocates warn that companies are still using wiggle room to discourage the sickest — and costliest — patients from enrolling. What are those loopholes and can they be closed?
Two more casinos in Atlantic City is closing down. That makes three that have announced their closure in the last month. The gaming industry is suffering due to foreign competition, and Atlantic City is the most obvious casualty. Plus, insurers can no longer reject customers with expensive medical conditions thanks to the Affordable Care Act. But consumer advocates warn that companies are still using wiggle room to discourage the sickest — and costliest — patients from enrolling. What are those loopholes and can they be closed?
