Preexisting Conditions II.

Today’s Wall St Journal has a follow up article to the WellPoint attack.  It gives an example of what happens when you prohibit insurers from denying coverage due to preexisting conditions.  The state of Michigan has a 1980 law on the books requiring nonprofit insurers to accept all applicants.  Last year, Blue Cross Blue Shield of Michigan lost $280 million prompting them to ask for a 56% rate increase.  Gee, who could have seen that coming???

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