Andy, you are being so disingenuous about this law. What is really happening is that the policies not being renewed due to not meeting the ACA healthcare standards for excellence and the INSURANCE Company are dropping the plan. “’If you like your plan, you can keep it’…What that means is that everyone could retain their plans so long as no alteration was made to those plans by their providers. However, the very minute a provider made a tweak to those plans, they lost the grandfather protection, and compliance with the Affordable Care Acts new standards became necessary…In other words, your plan is grandfathered in unless your insurer explicitly makes it worse by jacking up your deductible or otherwise monkeying with your coverage in an attempt to screw you, which is the basic stated business model of insurance companies… There are many insurance plans with eminently likeable costs that are not so likeable once you start using the plan. Some cheap plans offer only high-deductible catastrophic coverage. Other cheap plans have lifetime caps on coverage -- which means that if you suffer a major injury or illness that requires long-term or very costly medical care, your insurance company is eventually going to hit the cap and leave you holding the bag and facing the prospect of disastrous debt.” Jason Linkins Of the 177,000 individuals under age 65 who are covered by CareFirst, about 76,000 of them are in a non-grandfathered plan — a plan that will not comply with the guidelines imposed by the Affordable Care Act at their time of renewal this year or next, CareFirst said in an email in response to an inquiry by the Examiner... This phenomenon is not unique to CareFirst and its members, but rather a result of industrywide (sic.) changes in accordance with new ACA health plan standards. “Because the Obama administrations regulations on grandfathering existing plans were so stringent about 85% of those, 16 million, are not grandfathered and must comply with Obamacare at their next renewal…For example, if you had an individual plan in March of 2010 when the law was passed and you only increased the deductible from $1,000 to $1,500 in the years since, your plan has lost its grandfather status and it will no longer be available to you when it would have renewed in 2014…and comply with the new health laws benefit mandates”
Posted on: Wed, 30 Oct 2013 14:34:15 +0000
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