Wednesday, September 22, 2010

Major Health Insurers Drop Children's Policiies Due to ObamaCare

This is the scariest piece of news I've seen about the horrible consequences that are already occurring because of the passage of ObamaCare. As reported by ajor health insurance companies like Aetna, Anthem Blue Cross and others are dropping "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". This is because of the new law's requirements that prevents them from rejecting children with preexisting medical conditions and forces them to cover children under the age of 19 no matter what their medical histories are.

The article goes on to say that one of the great fears prompting this action is this scenario:
Insurers said they were acting because the new federal requirement could create huge and unexpected costs for covering children. They said the rule might prompt parents to buy policies only after their kids became sick, producing a glut of ill youngsters to insure. As a result, they said, many companies would flee the marketplace, leaving behind a handful to shoulder a huge financial burden.
 No wonder some health insurers are taking this action. It will not be long before most of the other health insurance companies follow suit. When will America wake up and see how bad Obamacare really is? We need to repeal Obamacare right NOW! - not some time in the future when the new law has reeked even more damage to the best health care system in the world. You can read more of the Los Angeles Times article here, but I can tell you it doesn't get any less scary.

Please don't be taken in by Obama's and the the White House's playing up of the new law as a "Patient's Bill of Rights" and emphasizing its name as the Affordable Care Act. Yes there are some new patients rights enacted by the new healthcare law such as the fact that family policies must now insure children up to the age of 26, but the fact that many health insurers are already raising their premiums from 5% to 20% certainly shows that Obamacare will only raise the price of healthcare and health insurance for everyone and force everyone to buy these high cost health insurance policies or pay a fine to the IRS. That is everyone folks. We're talking about forcing every single family not covered by their employer to buy health insurance even if they can't afford it now - and of course they certainly won't be able to afford it in the future with all the rate hikes going on right now.

Repeal Obamacare NOW!

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