Some insurers stop writing new coverage for kids
Ahead of requirement to cover kids with medical problems, some insurers drop out
Ricardo Alonso-Zaldivar, Associated Press Writer, On Friday July 23, 2010, 8:03 pm EDT
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Blue Cross and Blue Shield of Florida issues about 9,000 to 10,000 new policies a year that only cover children. Vice president Randy Kammer said the company’s experts calculated that guaranteeing coverage for children could raise premiums for other individual policy holders by as much as 20 percent.
“We believe that the majority of people who would buy this policy were going to use it immediately, probably for high cost claims,” said Kammer. “Guaranteed issue means you could technically buy it on the way to the hospital.”
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Romney care, Obama care, any kind of care … politicians and bureaucrats always make the same mistake — static analysis.
As a fat old white guy injineer, one of the first classes I took was “Static Analysis”. OK tough enough. Immediately followed by “Dynamic Analysis”. Now we let things move. Way way way more difficult.
So to in economics, people react to what is done, or not done, or even what is threatened to be done, and begin to act in their own self-interest. As any reasonable person would do!
That’s why, after the politicians raised the millionaires’ tax in Maryland, suddenly the next year there are a lot less millionaires in Maryland.
Do these politicians and bureaucrats think that they are the only ones who can read the tea eaves, make a plan, and carry it out?
Every beginning hunter learns quickly to lead the target.
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