Second wave of health plan cancellations looms

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Big Money

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A new and independent analysis of ObamaCare warns of a ticking time bomb, predicting a second wave of 50 million to 100 million insurance policy cancellations next fall -- right before the mid-term elections.



The next round of cancellations and premium hikes is expected to hit employees, particularly of small businesses.



While the administration has tried to downplay the cancellation notices hitting policyholders on the individual market by noting they represent a relatively small fraction of the population, the swath of people who will be affected by the shakeup in employer-sponsored coverage will be much broader.



http://www.foxnews.com/politics/2013/11/20/second-wave-health-plan-cancellations-looms/?intcmp=trending
 
Big Money said:
A new and independent analysis of ObamaCare warns of a ticking time bomb, predicting a second wave of 50 million to 100 million insurance policy cancellations next fall -- right before the mid-term elections.

The next round of cancellations and premium hikes is expected to hit employees, particularly of small businesses.

While the administration has tried to downplay the cancellation notices hitting policyholders on the individual market by noting they represent a relatively small fraction of the population, the swath of people who will be affected by the shakeup in employer-sponsored coverage will be much broader.

http://www.foxnews.com/politics/2013/11/20/second-wave-health-plan-cancellations-looms/?intcmp=trending
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Lol. "A new and independent analysis of ObamaCare warns of a ticking time bomb..." followed by "An analysis by the American Enterprise Institute, a conservative think tank..."

Methinks Faux needs to revisit the definition of "independent."
 
christiefan915 said:
How can you prove something that hasn't happened?
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You didn't seem worried about attempting to disprove something that hasn't happened, did you?


BTW, what's this "global warming" I keep hearing about? Something about the ice melting and the seas rising...but since it hasn't happened yet...


Oh, I guess the Obama administration lied when they anticipated the same thing.


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 promised “if you like your health plan, you will be able to keep your health plan”.


This says that when they made the promise, they knew half the people in this market outright couldn’t keep what they had and then they wrote the rules so that others couldn’t make it either.



http://investigations.nbcnews.com/_news/2013/10/28/21213547-obama-admin-knew-millions-could-not-keep-their-health-insurance
 
Big Money said:
You didn't seem worried about attempting to disprove something that hasn't happened, did you?

<snip>

http://investigations.nbcnews.com/_news/2013/10/28/21213547-obama-admin-knew-millions-could-not-keep-their-health-insurance
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I'd like to phone a friend, wait, never mind...

:idea: "Maybe it'll happen, maybe it won't."

That's my final answer, boss.
 
christiefan915 said:
Lol. "A new and independent analysis of ObamaCare warns of a ticking time bomb..." followed by "An analysis by the American Enterprise Institute, a conservative think tank..."

Methinks Faux needs to revisit the definition of "independent."
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Hey, with a half baked piece of shit like Obamacare written into law, who really knows what kind of hell it's going to unleash?

But you keep shilling, OK?
 
Granule said:
Hey, with a half baked piece of shit like Obamacare written into law, who really knows what kind of hell it's going to unleash?

But you keep shilling, OK?
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I'm not shilling, I'm waiting.

And for you to call me a shill...
images
 
October is the usual month of "open enrollment" for the following year. Yeah, this will absolutely affect the elections.
 
christiefan915 said:
Lol. "A new and independent analysis of ObamaCare warns of a ticking time bomb..." followed by "An analysis by the American Enterprise Institute, a conservative think tank..."

Methinks Faux needs to revisit the definition of "independent."
Click to expand...

do you remember when Obama gave a year long extension to employers regarding compliance to the act?.......what exactly did you think he was extending?......
 
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