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.”
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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.
More at NBC News
Obama didn’t just say you could keep your plan. He said you could keep your plan “No matter what” and he said
“We will keep this promise to the American people”
And now for some facts…..
The Shocking Facts About Obamacare Sticker Shock
http://thinkprogress.org/health/2013/10/28/2846221/benefiting-sick-people-healthy-enrollees-sticker-shock/
@This one:
Which is only necessary since she can’t keep her plan- as Obama absolutely promised she could.
@This one:
A couple of things:
Subsidies = other people’s money
Young people in their early 20’s can stay on Mom and Dad’s plans.
@DrJohn, add to that, fewer and fewer people in their 20’s are going to have careers…well, unless you consider Burger Doodle a career.
A good friend of mine runs a small business. Up to this point, which has been for 15 or more years, he has provided the health insurance to his employees at no cost to them. He just got his notification of the cost of the same policy for 2014. It’s 63% higher than 2013. That’s not inflation folks. That’s the real world effect of Obamacare hitting the fan.
He is now going to inform his employees they will be responsible for their own coverage and will be directing them to the exchanges to handle it on their own. Elections have consequences as they say.
I think the UNION’S PUBLIC EMPLOYEES will be exempt from those costs,
@Mully: Sadly I bet the majority of his employees voted for 0-blama as well. Yes, elections DO have consequences!!
Here Is What’s Wrong With That Story About Obama Knowing That Your Health Care Policy Would Get Cancelled:
http://thinkprogress.org/health/2013/10/28/2850061/wrong-story-obama-knowing-health-care-policy-cancelled/
NBC & CBS save Fox the trouble of making up the next batch of BS Obamacare talking points…
http://www.randirhodes.com/articles/daily-blog-380723/on-todays-show-tue-oct-29-11780261/
Obamacare Is Radically Changing The Individual Insurance Market — And That’s A Very Good Thing
Here is why Obamacare’s minimum standards were written in the first place and what kind of policies they’re seeking to regulate…
http://thinkprogress.org/health/2013/10/29/2850701/coverage-good-thing/
Lol! Yeah, the right doesn’t have ‘experts;’
Wall Street Journal Obamacare expert Suzanne Somers with the “Buttmaster”
http://americablog.com/2013/10/wall-street-journal-health-care-expert-suzanne-somers-buttmaster.html
This one,
OH YOU THINK SO,
read again, and again, and again,
@This one:
The point your left wing sourced material misses is simply Obama promised over and over again, “If you like your plan you can keep your plan.” He guaranteed it. HE LIED OVER AND OVER AGAIN.
Many people do shop around yearly for coverage. They are looking for a better deal and if they don’t find it they keep what they have, even if the insurance company makes minor adjustments to it. They keep it. To them it’s the same policy, even the policy number does not change. People do the same thing for auto insurance. This is nothing new. What Obama did was make it so that virtually any changes made to your policy would GUARANTEE you losing that policy and you’d be FORCED to buy something else more expensive. This was done by design. YOU were never given the choice to keep your policy which is why millions are getting cancellation notices. This is the first time I can recall millions of Americans getting cancellation notices for health insurance so it’s obvious what the cause is. If you can provide a historical reference of yearly cancellation notices being sent out in the millions I’d like to see it.
If you recall the sales mantra of the Obama folks was, “Choice and competition”. We heard that over and over. This was going to lower costs to the consumer. This was another LIE.
Podesta’s think progress people can spin this until the cows come home but the reality is people are not happy with what is happening. This isn’t going away. And now Democrats on capital hill are proposing changes to the law that just a couple of weeks ago we were told could not be changed. Maybe you need to send your information along to them.
People like yourself can cling to politicians who repeatedly lie to you, fortunately many people are now just beginning to see their mouths have been stuffed so FOS they finally noticed the taste and are wising up. There are those who never do, you may be one of those and therefore provide nothing more than light entertainment. That’s the value you add.
We all know what they really want.
http://www.nationalreview.com/node/362426/print