There are many problems with this.
One, I'm a single man. Why should I have insurance for childcare, whether killing the baby or live birth? And why should my parents in their senior years be required to have childcare insurance coverage?
Two, I don't want to pay for other people's elective abortion. And most people agree with me; a Zogby poll last year says 71% of Americans don't want insurance to be required to cover abortion.
Three, I believe abortion kills babies. 82% of Americans believe there should be at least some limits on abortion, and 11% believe all elective abortion should be illegal.
In contrast, President Obama is part of the only 9% of Americans (Harris) that believes that abortion should be legal for any reason at any point in the pregnancy. But more than that, he wants it paid for at taxpayer expense.
Why? Some experts believe that the purpose is population control. This will come in two ways.
One, many people will choose abortion over children. Some women will gladly take the simplicity of a minor surgical procedure (nevermind that only one of the two patients will survive the process) to the extended difficulty of a pregnancy followed by the pain of the birth. And some people, given the choice between meeting their obligations as human beings and actually caring for their own children or discarding their own offspring as "inconvenient" will take the easy way out. Then factor in that they don't actually have to pay for even the abortion themselves, and you have a "no-brainer".
Two, we will soon see encouragement to reduce childhood disorders. We will see efforts to reduce issues like Down's Syndrome, autism, and the 2% of all children who are technically "mentally retarded". How will these be reduced? Simple - fetal tests. And if the baby, that is, "fetus" has signs of a concern, the mother will be advised to abort the child. Later, this "advice" may become stronger. Parents have recently become legally criminal for not having their children vaccinated as instructed; parents may soon become required to kill "substandard" children. Obviously, these steps will require that the abortion be funded.
There may be portents of a third step to come later. Obama's "Science Czar", John P. Holdren (director of the White House Office of Science and Technology Policy) has written (another reference) that he does not believe a child to be a "human being" until he, excuse me, "it", is several years old, and then only if "given the opportunity to develop properly" including "essential early socializing experiences and sufficient nourishing food". Those who don't "develop properly"? They are never deemed human at any age, and as such can be eliminated without consequence. You know, Christians, Jews, homosexuals, conservatives, Republicans, Libertarians - anybody the ruling authority deems to have a negative influence in society. I would hope that one individual with radical ideas will not unduly influence the rest, but you never know.
I would have hoped that the second phase would not come in my lifetime, if at all. This is the stuff of science fiction, and not the good kind. But experts are now expecting this to come soon. Phase One within months, if the current "reform" passes, and Phase Two soon afterward. On the other hand, it has only been sixty-some years since the third phase was used extensively in Europe.