Well, it’s starting. Several very large health insurance companies announced over the last few days that they will no longer sell child-only policies. This of course is a direct result of ObamaCare. The new health insurance law demands that all health insurance companies that sell child-only policies, Click Here, must now accept all children, whether they have pre-existing conditions or not. Guaranteed issue as it is known in the business guarantees one thing for sure, no one will buy medical insurance until they need it. Health insurance companies tend to not stay in existence very long when they pay out much more than they collect in premium. There’s an easy way to avoid such a situation though, don’t sell policies that insure children any longer.
Whenever government tries to force the marketplace to do something that will sink the business model instead of letting competition take care of things, the consumer ends up getting the short end of the proverbial stick.
Michael Higgins
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