*These cancellations are occurring in the individual healthcare market, not in the group market. Insurance companies that are issuing cancellations are not kicking people off their healthcare plans. Theyre offering them other plans that comply with the new rules under the Affordable Care Act. Many in the MSM are giving Americans the impression that health insurance companies are kicking people off their plans left and right. What is really going on is that these insurance companies are scrapping their old policies and updating them so that they are in compliance with the ACA. As usual, I did a bit of research before posting about this. I read the cancellation notices BCBS has sent out and discovered that the company informs their customers that there are alternate plans they can enroll in with BCBS, so no, people arent losing their healthcare coverage. Also, Pres. Obama spoke about these changes in 2010. There was a lot of news coverage at the time, but it now appears that, as usual, some werent listening. TP:This all sounds very ominous until you consider that the naturally high turnover rate associated with the individual market means that it’s highly unlikely that individuals would still be enrolled in plans from 2010 in 2014. In fact, the Obama administration publicly admitted this when it issued the regulations in 2010, leading Republicans like Sen. Mike Enzi (R-WY) to seize on the story in order to push for repeal of the grandfather regulations. ...individuals can keep the plans they have if those plans remain largely the same. But individuals receiving cancellation notices will have a choice of enrolling in subsidized insurance in the exchanges and will probably end up paying less for more coverage. Those who don’t qualify for the tax credits will be paying more for comprehensive insurance that will be there for them when they become sick (and could actually end up spending less for health care since more services will now be covered). They will also no longer be part of a system in which the young and healthy are offered cheap insurance premiums because their sick neighbors are priced out or denied coverage. That, after all, is the whole point of reform. thehill/blogs/healthwatch/health-reform-implementation/120285-enzi-demands-do-over-on-healthcare-grandfathering-clause
Posted on: Wed, 30 Oct 2013 02:40:43 +0000
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