Tuesday, March 30, 2010

Discretionary income

Wall Street Journal:

[S]hortly after the bill's passage last week, insurers contended the law didn't require them to accept sick children until 2014.

The insurance industry's lobby, America's Health Insurance Plans, said the law meant only that they needed to cover treatments for sick children who already were customers.

You see, from the private insurer's perspective, covering treatments for sick children who are already customers requires a law.

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