Thursday, September 23, 2010
Nancy Pelosi famously said that the Democrats' "Obamacare" bill had to be passed so we could "see what's in it." It now turns out that it also had to be passed so we could see who's thrown out of the system by it - children.
A number of the nation's largest healthcare insurers are cutting off any new individual policies for any child whether sick or healthy.
The math isn't hard to do; Obamacare dictates that any insurance company offering individual policies for children must now accept them even if the child has just been diagnosed with a serious and expensive pre-existing condition. This being the case, there's no reason for parents to insure children until they develop an expensive problem.
And it gets worse - after the insurance company has potentially paid hundreds of thousands of dollars for treatment, the parents can drop the child's policy and not pay another premium until next time their child gets sick...at which point the insurance companies would be compelled to go through the whole money-losing cycle again.
Their answer? Stop offering new individual policies to any child. And while that may sound crass, consider their alternatives: if they really paid out according to Obamacare's rules, the insurance companies would quickly go bankrupt...leaving insurance for nobody.
Of course, this is exactly what opponents of Obamacare were warning against long before the bill was passed...but the mainstream media never mentioned it.
They were too busy helping the bill to be passed, so everyone could find out what's in it.