The insurers will no longer write “child-only” policies — a small, niche market — over concern that the health reform law will make the market unstable and unprofitable.
Beginning Thursday, insurance companies will no longer be allowed to turn down any child who applies for coverage, even if he or she has a pre-existing condition. It’s a benefit of health care reform that President Barack Obama and other Democrats tout frequently.
But insurers are worried that children — or, more likely, their parents — might apply for coverage literally on the way to the hospital or doctor’s office and cancel it once treatment is complete. The lack of child-only coverage has the potential to keep healthy consumers out of the market, driving up costs.
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