Insurers Drop Children’s Health Insurance Due to Obamacare
Insurers have stopped writing children-only health insurance policies due to mandates in Obamacare that ignored basic principles of economics. So if you’ve got coverage only for you, but not for your kid, your kid may be out of luck. Suffer the little children!
Earlier, insurers sought and obtained rate increases of up to 20 percent in Connecticut based on mandates in Obamacare that increased their costs.
Major employers like AT&T, Caterpillar, John Deere, and Verizon have already reported massive cost increases due to the new health care law.
These cost increases contradict the president’s claims that Obamacare would cut healthcare costs and are just a few of his many broken promises.