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The insurance companies are going to collapse.

April 5, 2010

Seriously.  If you have investments in health insurance companies, now would be a great time to get rid of them.

The new health insurance bill requires insurance companies to cover the “children” of people with employee sponsored plans.  I use quotes because “children” includes adults up to the age of 26 and even those who are MARRIED!  How can a married 26-year-old be considered a dependent?

Anyone who thinks that healthcare access can be immediately and widely expanded without increasing premiums and taxes is completely delusional.

Which insurance company do you think will be first?

3 Comments leave one →
  1. Fritz permalink
    April 6, 2010 4:15 pm

    On the other hand, they just picked up 30-40 million new customers without doing a thing. Besides, if they start to fail, the stupid government will step in just like GM and make it all better.

  2. Michele permalink*
    April 6, 2010 11:31 pm

    How much are those new customers going to pay and how much coverage will they receive?

    The devil is always in the details.

  3. April 8, 2010 10:11 am

    This new bill has me laughing and crying hysterically. Simultaneously. It’s going to drive me to drink. And then when I’m dead. I’ll be rolling over in my grave.

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