I recently had a message in the comments section that prompted me to respond. The response took so much space that I decided that I would post it here as an article. I do appreciate everyone reading and leaving their comments and questions on the blog.
Just wanted to drop in and post a quick note about some of the things we are seeing in the marketplace. We had an interesting case last week where we had a family apply for family coverage and receive some unexpected news. We ran into another example of the unintended consequences of the Patient Protection and Affordability Act.
Skip The Cost Now, Pay More Later!
Kids Receive No Benefits From The New Law Changes
I wanted to convey a few thoughts on the recent changes on health care options for children since October 1st. It is often a difficult task to look in the future and try to anticipate the implications of new policies or changes. As readers have known, I was fearful of the legislation changes in the Health Care Reform Act, and it is beginning to be clear that those concerns were well founded.
The Connecticut State Department of Insurance approved massive price increases for Blue Cross Blue Shield Anthem Health as of October 1st 2010. While this is not a shock to those that have been reading our blog over the last few months, the posters leaving comments on the story are livid and act as though they never knew this type of increase was possible.
The 9/23/2010 date has come and all newly issued plans after (essentially October 1st 2010 plans) now offer unlimited preventative care, inability to deny coverage to children under 19 with pre-existing conditions, and all caps to benefit amounts have been removed. Clearly old plans or grandfathered plans don't have to change, but they do complicate the landscape for insurers and agents as we now need to keep track of the effective dates to understand what types of plans we're dealing with.
New Programs Make The Decision As Clear As Mud
As I learn more about the new developments related to the Healthcare Reform Act, – now called the Patient Protection and Affordability Act (Is that great marketing spin or what?), I continue to shake my head and wonder if the intent of the entire bill was to destroy the existing infrastructure of medicine and make insurance unaffordable to everyone that currently has it to protect their family. If that was the intent congratulations should be bestowed upon the crafters of this fine legislation!
Change - It Is A-Comin'...
Once again you'll need to file this in the —- ooops, I didn't foresee that happening.... Government utopians hopeful that healthcare reform would get those darn insurance companies to take care of everyone and be good citizens are waking up to find that corporations are reacting in unexpected ways.