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Obamacare Not Such a Good Deal for Kids and Young Adults
Posted By admin On March 29, 2010 @ 4:48 pm In U.S. News | Comments Disabled
March 29, 2010
Prior to the passage of the “historic” Obamacare bill, Democrats went hither and yon in their effort to sell the insurance corporation crafted plan like snake oil. They said it was for the little people and if you opposed it you were a racist or some kind of rightwing extremist.
Now with the ink barely dry on the bill, the truth is beginning to come out.
“Insurance companies wasted no time after the bill was passed to unearth a loophole that allowed them to deny coverage to children with pre-existing illnesses for the next four years,” writes Sahil Kapur for Raw Story.
Unearthed? They knew it was in the bill all along because they wrote it.
“If a company sells insurance, it will have to cover pre-existing conditions for children covered by the policy. But it does not have to sell to somebody with a pre-existing condition. And the insurer could increase premiums to cover the additional cost,” said William G. Schiffbauer, an attorney who represents insurance companies.
Rest assured. Obama and crew “are working to bridge the gap.” Maybe they would have bridged it if they had read the bill. Nancy Pelosi said they’d have to wait for it to pass before they could read it, though.
Next up, young adults. “Health insurance premiums for young adults are expected to rise about 17 percent once they’re required to buy insurance four years from now,” according an analysis produced by Rand Health.
Not that they can do anything about it. Obamacare is mandatory. If they don’t like it, men in black ski masks will drop by.
No doubt other news about goodies for insurance corporations will emerge soon enough.
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