Monday, November 1, 2010

Why were health insurance family group plans extended to age 27?

Legislation was recently passed to force health insurance companies to expand their family group plans to include children up to age 27 as long as they lived at home. Why? Well, if college graduates were required to purchase health insurance, they wouldn’t do it because they couldn't afford it because they can't get a job. (Here, 1/3 from top.) So how do you solve that problem? You force the health insurance companies to help out... Problem solved, right? Actually, it just shifted the burden to someone else - the parents and employers.

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