Kids 0, Insurance 0; The first fruits of ObamaCare.
September 27, 2010 @ 1:14 am
The Wall Street Journal nailed it. Government mandated health insurance benefits and guaranteed coverage of children, regardless of pre-existing conditions drive premiums up and insurance companies out of the market. Here is the heading and the link:
“This week Democrats threw a six-month birthday party for ObamaCare—and the timing was only appropriate since it occurred at the same moment their reform annihilated a corner of the U.S. insurance market.”
http://online.wsj.com/article/SB10001424052748703384204575510011133742130.html?mod=rss_opinion_main
Link to this post!
This is just another example of how too much legislation has undesirable and unintended consequences on insurers.
David, you are absolutely correct. Congress doesn’t understand the law of unintended consequences.