Obama Admin. Knew Millions Could Not Keep Their Health Insurance

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obamaPresident 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.”
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None of this should come as a shock to the Obama administration. 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.”

That means the administration knew that more than 40 to 67 percent of those in the individual market would not be able to keep their plans, even if they liked them.
Yet President Obama, who had promised in 2009, “if you like your health plan, you will be able to keep your health plan,” was still saying in 2012, “If [you] already have health insurance, you will keep your health insurance.”

Read more at NBC NEWS.

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  1. What else is new. He lied as usual. The only thing he was truthful about is that he wanted to change the United States-AND HE DID. He ruined it!!

  2. Obama is the “Shakran-In-Chief”

    Y’all voted for this. Y’all voted to punish yourselves by re-electing this disgrace to the highest office in the land.

    I will never understand how people were so blind to not see what kind of despicable liar this Obama is.

    Get this in your heads fellow citizens: Obama does not care about you. He only cares about himself and the power he wants to grab. His enemy is not Iran, not Syria, not North Korea, and certainly not the Muslim Brotherhood. No. The number one “enemy” that Obama wants to destroy is the Republican Party. Why? Because Obama only cares about seeking absolute power and the Republicans, the Tea Party’ers, etc., are standing in his way.

    Unless Obama changes the term-limit rule for Presidents, y’all are stuck with this mess until (at least) January 2017.

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