As a matter of fact, today was the day when those provisions of the new law were set to take effect. But it didn't work out quite as planned.
"Major health insurance companies in California and other states have decided to stop selling policies for children rather than comply with a new federal health-care law that bars them from rejecting youngsters with pre-existing medical conditions," the Los Angeles Times reported Tuesday.
Anthem Blue Cross, Aetna Inc., Cigna Corp. and others said they were taking the step because the new federal mandate "could create huge and unexpected costs for covering children," by prompting parents to buy policies only after their children became sick.
What a surprise! Who would have thought that insurance companies actually want to protect themselves from losses and want to make a profit?
ObamaCare is perfect example of government at its worst. A bill rushed through congress without being read and consequences being considered.
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