wrote in message
news
On Tue, 11 May 2010 15:16:04 -0700, "nom=de=plume"
wrote:

You ain't seen nothing yet. They just added a lot of extra liability
to the insurance plans and did nothing to restrict the price they will
charge for it.


This is just fear-based rationale. There's no "lot of extra liability" to
insurance plans.



Huh? They just told insurance companies they have to pick up anyone
with a preexisting condition, they can't limit coverage amounts and
they have to carry "kids" until they are 26. That is a lot of extra
liability. The insurance companies have already said they will pick
up the kids, but there will be an extra premium for doing it. We don't
know how much the preexisting condition and unlimited coverage
increase will be. It is a fairly simple process for the underwriters
to project the extra cost and apply that to the current premium.


That's also a lot of new customers and a lot of premiums. I guarantee you
that the ins. companies are not hurting. There's an "extra" premium for
everything. The bill that passed is a first step. More needs to be done.