We have learned that the new health care law prohibits insurance companies from rejecting an applicant because of pre-existing conditions. We can see several consequences arrising out of this policy.
1. It will cause the premium of those who do carry insurance to increase. There is no such thing as a free lunch.
2. It will encourage people not to apply for insurance until they need to file claims (inspite the $2000.00 penalty's).
3. In the long run it quite possibly result in the demise of private health insurance, which may well be what the drafters of the legislation had in mind in the first place. Remember the debates of the single payer systems.
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