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???
Thank you very much for your help, this site has been a great break from the books,
I am unquestionably bookmarking this website and sharing it with my friends. You will be getting plenty of visitors to your website from me!