The Glade 4.0 :: View topic - Insurance Companies to Refuse New Policies for Children

ObamaCare Backfire? Big Insurers Refuse to Sell 'Child Only' Policies
Tuesday, September 21, 2010 10:01 PM

Many major insurance companies are refusing to write new "Child Only" policies effective Thursday, the day the Obama Health Care plan goes into effect.

The Wall Street Journal reports that Aetna Inc., Cigna Corp., WellPoint Inc., Humana Inc. and UnitedHealth Group Inc.'s Golden Rule subsidiary say they will no longer sell new child-only policies. The new law requires them to accept applications from sick children on insurance policies that they sell, but doesn't require them to sell a policy individually to children in the first place. Insurers said children with pre-existing conditions will be able to apply for coverage on their parents' plans.

The LA Times says these companies will make the move Thursday when parts of the new healthcare law take effect. They cite potentially huge and unexpected costs for insuring children.

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

ObamaCare is a term referring to the Patient Protection and Affordable Care Act (PPACA), a federal statute that was signed into law in the United States by President Barack Obama on March 23, 2010.

Author:	Arathain Kelvar [ Wed Sep 22, 2010 4:31 pm ]
Post subject:	Insurance Companies to Refuse New Policies for Children
Quote: ObamaCare Backfire? Big Insurers Refuse to Sell 'Child Only' Policies Tuesday, September 21, 2010 10:01 PM Many major insurance companies are refusing to write new "Child Only" policies effective Thursday, the day the Obama Health Care plan goes into effect. The Wall Street Journal reports that Aetna Inc., Cigna Corp., WellPoint Inc., Humana Inc. and UnitedHealth Group Inc.'s Golden Rule subsidiary say they will no longer sell new child-only policies. The new law requires them to accept applications from sick children on insurance policies that they sell, but doesn't require them to sell a policy individually to children in the first place. Insurers said children with pre-existing conditions will be able to apply for coverage on their parents' plans. The LA Times says these companies will make the move Thursday when parts of the new healthcare law take effect. They cite potentially huge and unexpected costs for insuring children. Major health insurance companies in California and other states have decided to stop selling policies for tens of thousands of children rather than comply with a new federal healthcare law that bars them from rejecting youngsters with preexisting medical conditions. ObamaCare is a term referring to the Patient Protection and Affordable Care Act (PPACA), a federal statute that was signed into law in the United States by President Barack Obama on March 23, 2010. Wow. Is it smug to say I totally saw this coming?

Author:	Aizle [ Wed Sep 22, 2010 4:35 pm ]
Post subject:
How many Child Only policies are there out there? I don't know a single parent who doesn't just have their kids as part of their plan.

Author:	Kaffis Mark V [ Wed Sep 22, 2010 5:23 pm ]
Post subject:
Probably approximately the same number of children of young adults who decide to risk not getting insurance who are discovered to have lifelong illnesses that require constant treatment, such as childhood diabetes, cancer, asthma, whatever. Rather than get a family plan, I'm sure that people who consider themselves healthy but find themselves with a child who will assuredly have not insignificant health costs over the course of their minor life look at child-only plans.

Author:	darksiege [ Wed Sep 22, 2010 9:39 pm ]
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or hey... what about someone who wants to get their child under a full time health care plan regardless of their employment status? Say... I could be out of work at any time... and I want to make sure my kids will be okay regardless of my status... but I am diabetic, they are not. Child only plan.

Author:	Arathain Kelvar [ Thu Sep 23, 2010 11:00 am ]
Post subject:
I'm sure they'll just spin this as the insurance companies are evil, rather than the follies of their plan.

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Author:	Vindicarre [ Thu Sep 23, 2010 11:11 am ]
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Absolutely, Ara. It's already happening, and they're trying to say that this is why we need more Gov't involvement - because only the Gov't can stand up to those evil insurance companies.

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