For years now, Wall Street has cheered as Obamacare fuelled the stock prices of corporations in the healthcare industry. One of them was eHealth, Inc. (NASDAQ: EHTH), an online health-insurance broker that was founded in 1997.
Obamacare is only its second year of enrollment, but Uncle Sam has already sidelined eHealth, which has announced that it will lay off 15 percent of its workforce and take a restructuring charge of up to $4.7 million dollars. This announcement followed horrific fourth quarter earnings.
Read the entire column at Forbes.