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Originally Posted by aceventura3
Do you wanna make a wager? If this is not an issue, I will make a charitable donation to your charity of choice, if it is you make a donation to Big Brothers Big Sisters, on the honor system.
An insurance company can simply stop taking new applicants if the "pre-existing" condition issue is expected to be a problem. So, in 2013 they write as much "profitable" business as possible and basically close their doors in 2014. The rush begins, all the people without insurance with pre-existing conditions go into exchanges. 2015, insurance companies start accepting new clients, or perhaps they don't - because the costs for their pool will be significantly lower and so will the premiums. Perhaps, they start a separate company with separate books - oh, you must get it - insurance companies will have people actually read the law, find the holes, and use them as they see fit. The insurance companies know the battle is not over. Insurance companies know the business better than the folks in Washington.
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The vast majority of people with insurance have it through their employer. Beginning immediatly all children under 19 can not be excluded. Beginning in 2014 no one can be excluded. Your scenario could hypothetically happen to people buying individual policies, but it won't affect employer sponsored plans, which is what most americans have.
I don't doubt that insurance companies will follow only the letter of the law and no more. They will in all likelyhood try to exploit any and all loopholes, but the language is very specific in terms of group health insurance.