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HomeOff Topics News & Politics › Obama admin. knew millions could not keep their health insurance
10-29-2013 02:42 AM  4 years agoPost 1
dilberteinstein

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texas - USA

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President Obama repeatedly assured Americans that after the Affordable Care Act became law, people who liked their health insurance would be able to keep it. But millions of Americans are getting or are about to get cancellation letters for their health insurance under Obamacare, say experts, and the Obama administration has known that for at least three years.

Four sources deeply involved in the Affordable Care Act tell NBC NEWS that 50 to 75 percent of the 14 million consumers who buy their insurance individually can expect to receive a “cancellation” letter or the equivalent over the next year because their existing policies don’t meet the standards mandated by the new health care law. One expert predicts that number could reach as high as 80 percent. And all say that many of those forced to buy pricier new policies will experience “sticker shock.”

The law states that policies in effect as of March 23, 2010 will be “grandfathered,” meaning consumers can keep those policies even though they don’t meet requirements of the new health care law. But the Department of Health and Human Services then wrote regulations that narrowed that provision, by saying that if any part of a policy was significantly changed since that date -- the deductible, co-pay, or benefits, for example -- the policy would not be grandfathered.

Buried in Obamacare regulations from July 2010 is an estimate that because of normal turnover in the individual insurance market, “40 to 67 percent” of customers will not be able to keep their policy. And because many policies will have been changed since the key date, “the percentage of individual market policies losing grandfather status in a given year exceeds the 40 to 67 percent range.”

http://investigations.nbcnews.com/_...-insurance?lite

Go look at the comments at the above link. It looks like NBC has been introduced to the "cancelled policy and Obamacare sticker shock".

90% of life is "showing up"

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10-29-2013 07:12 AM  4 years agoPost 2
spaceman spiff

rrKey Veteran

Tucson

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It's ok because obozocare is better, cheaper, easy to access, it saves 2500$, and best of all nothing can go wrong because it is being run by obozo and the IRS! Woooo! yea! gooooooBamacare!

What a nightmare.

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10-29-2013 03:07 PM  4 years agoPost 3
fla heli boy

rrElite Veteran

cape coral, florida

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ain't seen nothing yet. Wait until the policies actually go in force....we're just seeing the front end problems now. It's gonna get MUCH MUCH worse.

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10-29-2013 03:42 PM  4 years agoPost 4
Dennis (RIP)

rrApprentice

Oregon

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ain't seen nothing yet. Wait until the policies actually go in force....we're just seeing the front end problems now. It's gonna get MUCH MUCH worse.
Yup, that's correct.

That useless web site is the least of our problems.

Liberty once lost, is lost forever.

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