Tuesday, October 29, 2013

Obama administration knew millions could not keep their health insurance

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.”
Read the rest here.

1 comment:

Kurt said...

My health club played the same game Republicans are playing. They insisted that they wanted to allow me to "keep" my membership as I liked it. Only by accident did I find out that new memberships were $22/mo cheaper and included two free sessions with a personal trainer. I actually had no interest in the trainer session and understood why they had a business interest in not telling me they had reduced fees. But trying to BS me by saying the wanted to give me the "right" to stay in the plan I "liked" sent me over the edge.