Obamacare’s startup health insurance plans are flirting with financial distress, as all but five of the 23 nonprofit companies had negative cash flow from operations in the first three quarters of 2014, Standard & Poor’s said in a report today.

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“…..when I hear large corporations that make billions of dollars in profits trying to blame our interest in providing health insurance as an excuse for cutting back workers’ wages, shame on them,” Obama”

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Patrict Carrier, CEO Christus Santa Rosa

“Christus Health, which operates hospitals in several Texas cities and in Louisiana, New Mexico, Chile and Mexico, is reducing the number of its domestic operating units from eight to three. Carrier said the changes will streamline and simplify Christus’ regional operations and expedite the decision-making process across all affected markets. He will divide his time between both markets.”

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