I agree that the government has required stupid things be covered.... but let’s think about it just a little. So Obammy tells BCBS that they have to cover me and my wife for pregnancy. We’re both in our 50’s... and one of us has had all the parts removed and is taking primeran. So if you’re an inurance company... while you may write pregancy coverage in my policy... there is no risk. Risk is what drives coverage cost. I have higher risk because of my age, so my insurance costs me more than a young person. Why should pregnancy coverage cost me anything? Just because its in there?
Yes, just because they have to cover everybody for the same things. Its like mortgage loan underwriting. You may not have any outstanding balances on your credit cards that they have to factor into your overall debt ratios but if you have a dozen credit cards with zero balances, you are still a higher risk of defaulting on the loan because you have to ability to run up your debt on the credit cards and risk defaulting on the mortgage loan. Same thing. The medical insurers are exposing themselves to the risk of what they are required to cover, not what the individual that gets the policy can or cannot use.