Big insurance companies stop insuring children

Discussion in 'Healthcare/Insurance/Govt Healthcare' started by Chris, Sep 22, 2010.

  1. Chris
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    Chris Gold Member

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    Major health insurance companies in California and other states have decided to stop selling policies for children rather than comply with a new federal healthcare law that bars them from rejecting youngsters with preexisting medical conditions.

    Anthem Blue Cross, Aetna Inc. and others will halt new child-only policies in California, Illinois, Florida, Connecticut and elsewhere as early as Thursday when provisions of the nation's new healthcare law take effect, including a requirement that insurers cover children under age 19 regardless of their health histories.

    The action will apply only to new coverage sought for children and not to existing child-only plans, family policies or insurance provided to youngsters through their parents' employers. An estimated 80,000 California children currently without insurance — and as many as 500,000 nationwide — would be affected, according to experts.

    Health insurance: Big medical insurers to stop selling new child-only policies - latimes.com
     
  2. R.C. Christian
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    R.C. Christian Gold Member

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    Good job Washington.
     
  3. uscitizen
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    uscitizen Senior Member

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    If there is a demand for child only insurance someone will sell it.

    Or isn't that how capitalism and supply/demand, etc works?
     
  4. Sheldon
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    Sheldon Senior Member

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    I think supply and demand function differently in the health-care market.
     
  5. uscitizen
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    uscitizen Senior Member

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    Yep :) And in insurance as well.
     
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  6. uscitizen
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    uscitizen Senior Member

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    A perfect place for free market stuff?
     
  7. AllieBaba
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    AllieBaba BANNED

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    Yay, this means we're that much closer to having a government monopoly on insurance!

    Happy days! I'm sure this is going to work out JUST GREAT for everybody!
     
  8. Madeline
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    Madeline BANNED

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    Insurers want to be in a guaranteed profit position, and without the right to deny health care coverage to very ill people they have a much harder time doing so. It's rational behavior on their part but it underscores why a capitalist, for-profit system does not work in health care.
     
  9. RetiredGySgt
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    RetiredGySgt Platinum Member

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    Not when regulations are so odious and expensive that one can not make money selling a service.
     
  10. RetiredGySgt
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    RetiredGySgt Platinum Member

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    Hate to break it to you but no profit no insurance company. They have to make a profit to stay in business. How exactly do they pay for your bills if they have no money?
     

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