Tuesday, January 25, 2011

Another One Bites the Dust

Remember that ObamaPromise© that "if you like your health insurance, you can keep your insurance?" And remember when (just 3 short months ago) The Principal and UHC put the lie to that vow? Well, it just got kicked again:

"Today, Guardian announced plans to withdraw our medical insurance product line from all states, pending regulatory approval. This means we will no longer quote any new medical insurance business and we will work to wind down our existing medical business over the next two years."

[ed: That's from an email we just received; so far, this hasn't shown up at the company website]

Around these parts, Guardian wasn't exactly a major player in the medical insurance arena, so the impact is likely to be fairly small. Still, it's one more notch in ObamaCare©'s belt.

To paraphrase Bob, "Poppa Washington: less choice, fewer carriers."

UPDATE: No sooner did I hit the "go" button on this post than another email arrived, this one from UHC:

"UnitedHealthcare Employer & Individual has entered into an agreement to renew medical insurance coverage for The Guardian Life Insurance Company of America's medical plan customers."

Does anyone else see a pattern emerging here? Is anyone else just a wee bit concerned about it?
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