Moody's Investor Service is not a fan of the administration's postponement of key elements of the Patient Protection and Affordable Care Act.

Moody's has issued a "sector comment" pertinent to U.S. insurance providers that paints a dim portrait of the carriers' abilities to offer affordable health insurance in the wake of the latest extension allowance by the administration.

President Obama recently announced that consumers can renew their current health coverage even if that coverage doesn't meet the criteria established by the law.

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