Lisa Myers and Hannah Rappleye
NBC News
10/28/2013
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.”
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.”…
The article continues at NBC News.
Related: “Yes, You Can Keep Your Health Plan” or, What Part of *Screw You* Don’t You Understand?
…hey, Obama won the election. Get over it. What part of screw youdon’t you understand?…
Update: Brit gov health care website: Nine years, $15 billion and counting- site scrapped
Let’s cut our massive losses – and get back to the pre-ObamaCare higher levels of health care and job security.
It’s just one tweet, but the sheer mendacity requires its own post. With the media finally in “now it can be told” mode since Obamacare passed and President Obama was reelected, pretty much everyone is admitting what all of us knew four years ago— that no, not everyone would be able to keep their plans if they liked their plans. And, yes, the Obama administration knew it just as sure as its critics did.
It was a lie and an obvious one, but the administration, much of the media, and Obamacare supporters happily acted as if it were true and happily smeared those who suggested otherwise. Tonight, the president’s right-hand woman tries the lie again, even as it’s demonstrably unraveling before the nation’s eyes…
Tragedy: Millions of Americans believed President Obama’s promise about healthcare With video at PJ Media.
Update 3: Dem Strategist: “Party is F****D”
…Seasoned Democrats may worry that the party is f****d because of ObamaCare, but they may still win a reprieve. The GOP Establishment has declared war on the Tea Party, whose every prognostication of ObamaCare has been proved right. Typically, the GOP is ready to snatch defeat from the jaws of victory.
State Signups Flocking to Medicaid – Not to Insurers
…If Obamacare puts private insurers out of business, single payer is all that will be left. For all of us…
