Healthmarkets/Mega downgraded

[Crabcake Johnny]

HealthMarkets IDR cut to 'BBB-', maintains negative outlook - Fitch - Forbes.com

"HealthMarkets will be challenged to demonstrate a rebound in earnings for the remainder of 2008 due to a declining number of agents, increased migration of membership to its lower margin health products, continued costs of legal and regulatory issues, and monitoring fees."

 

[InsuranceBenefitsGroup]

I'm especially delighted by their "continued costs of legal and regulatory issues". There is nothing "regular" about them.