Remember that Anthem individual health insurance policy I was afraid to give up for Obamacare? Good thing I kept it, because I couldn’t buy anything like it today.
The ACA doesn’t prohibit insurers from selling individual policies year-round, but its coverage requirements are causing insurers to stop selling ANY policies outside the government’s “open enrollment” window, which is closed from March 31 – November 15.
Because they are now prohibited from excluding pre-existing conditions, insurers fear that uninsured people who get sick will buy a policy to pay claims through the crisis, then drop it once they recover.
In essence, if an insurer can’t sell you a policy that won’t pay a penny on whatever you need the policy for, it doesn’t want you as a customer.
You may still be able to find a temporary policy that excludes pre-existing conditions, but under the ACA, you’d still be considered “uninsured” and subject to paying the tax penalty. So you’re screwed on all fronts.
From my perspective as a person self-employed for 12 years, if I were to lose my current insurance for any reason, the only way I could get new coverage would be to throw in the towel and go work for a company that offers health benefits.
And I’m pushing 60 in a job market that’s still tight as a tick (no matter what rosy stats DC spews about “job recovery”), so rotsa ruck with that.
This is yet ANOTHER reason why giving insurance companies an integral role in reforming healthcare was a colossal blunder — and the law has only made their behavior worse.
Now, people who could afford to pay a fortune for individual insurance outside the exchange can’t even buy it.
That’s why Obama’s screwball insurance mandate needs to be replaced by a single-payer system that covers everybody, every day.