Think your kids will be covered under Obamacare;think again;new policies not accepted-want open enrollment period
Posted Jul 23 2010 1:19pm
Insurance companies like Blue Cross Blue Shield and United Healthcare are not issuing new policies for children because they want the federal government to require an open enrollment period so that parents can't wait until an illness or tragedy happens to get insurance.
Under Obamacare insurance companies are required to take anyone with a pre-existing condition or not,but insurance companies feel people will not purchase insurance until they need it leaving the insurance companies with most of the expenses to cover the medical care while the patient/family hasn't put any money into the insurance.
I see this raising rates of insurance for everyone, but also bad business for insurance companies who have to make a profit to cover insurance expenses. If people aren't paying into the system, the insurance companies will have to raise the rates on those who are paying in order to cover the ones who wait until they get ill.