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May 31, 2013
Obamacare To Trigger Health Insurance Cancellation Notices As Early As This Fall
ObamaCare to trigger health insurance cancellation notices
New health insurance rules under ObamaCare could lead to a host of personal insurance plans being canceled as early as this fall, a scenario expected to cause consumer confusion.
Under the federal overhaul, those policies that cannot meet new insurance plan standards may be discontinued. This means individuals, and some small businesses, that rely on those plans will have to find new ones.
The goal is to ensure that most insurance policies offer a basic set of coverage, as part of the Obama administration’s plan to cover most of the nation’s 50 million uninsured.
Yet it also seems to run afoul of one of the president’s best-known promises on the law: “If you like your health care plan, you’ll be able to keep your health care plan.”
In fact, state insurance commissioners largely are giving insurers the option of canceling existing plans or changing them to comply with new federal requirements. Large employer plans that cover most workers and their families are unlikely to be affected.
Wild Thing's comment............
I have to tell you I am really terrified of Obamacare and what it will do to all of us. The Gestapo IRS running it, the whole thing is terrifying.
Posted by Wild Thing at May 31, 2013 12:50 AM
Comments
The Constitution of the United States is rapidly becoming noting but an old document stored in a vacuum case that means absolutely nothing. Like the Bible, it's become just the writing of some long dead men to most Americans.
Posted by: BobF at May 31, 2013 07:20 AM
