About that health insurance you thought you could keep…

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We’ve all been reading about the disasters happening to people who have been buying their health insurance individually.  They’ve been getting cancellation notices by the tens of thousands and the President has changed his tune from “If you like your health plan you can keep it, period.” to “I never said you could keep your health plan.” to “What we said was that you could keep your health plan as long as it meets the requirements of the Affordable Care Act.” to, finally, “I’m sorry you lost your health plan.”

So, just how bad is this mess?

Millions of Americans are expected to lose their insurance because their current plan does not meet the new Affordable Care Act standard, according to a new report.

The Affordable Care Act, also known as Obamacare, states that insurance policies in effect as of March 23, 2010 would be “grandfathered” into effect. This means customers would be able to hold on to their existing policy even though it does not meet the new Obamacare requirements, which went into effect on October 1, 2013.

But in the time since the Affordable Care Act was signed, the Department of Health and Human Services added stipulations that narrow the so-called grandfather provision. Any policy that was significantly changed – for example: the deductible, co-pay, or benefits, among other factors – would not be grandfathered.

NBC News reported that few Americans were aware of this creeping regulation, though cancellation figures have been available since 2010, and somewhere between 50 and 75 percent of the 14 million customers who buy their insurance individually should expect a “cancellation” letter sometime within the next year.

How bad?  Well that’s a question that’s going to end up being answered by somewhere between 7 million and 11 million people.  And that doesn’t count the people whose policy falls into the ACA regulations and whose premiums are going to double or triple.  But never fear, if you’re a 60 year old single man, you’ll have maternity coverage.

The most interesting part of this fustercluck, is that you ain’t seen nuttin’ yet.

Next year group plans will have to conform to ACA.  And group plans will be “grandfathered” in the same manner that individual plans have been.  Here’s what Kathleen Sebelius had to say about it last week.

Earlier this week, the caveat was added.

“If you had or have one of these plans before the Affordable Care Act came into law,” Obama said to OFA volunteers and supporters in Washington D.C. “And you really like that plan, what we said was, you could keep it… if it hasn’t changed since the law’s passed.”

So what kind of numbers are we looking at here when it comes to losing health insurance? 93 million people will lose their plans either in the individual market or through their employer. That’s quite the caveat.

“You can keep your plan…”

That statement by Barack Obama will make any previous Presidential lie…

  • “I am not a crook.”
  • “No. New. Taxes!  Read my lips!”
  • “I did not have sex with that woman…”

… look like a five year old who tells mom “I didn’t take any cookies.”  With crumbs and chocolate on his shirt.  And I know GHW Bush didn’t really “lie” about taxes, he just lacked a spine resolve.

The fit should hit the shan around September/October next year when employers begin announcing their new benefit plans for 2015.  I doubt there’s going to be a place to run and hide if you’re Barack Obama.  Or an elected Democrat.

We can hope.  For a BIG change.


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About Author

Michael Becker is a long time activist and a businessman. He's been involved in the pro-life movement since 1976 and has been counseling addicts and ministering to prison inmates since 1980. Becker is a Curmudgeon. He has decades of experience as an operations executive in turnaround situations and in mortgage banking. He blogs regularly at The Right Curmudgeon, The Minority Report, Wizbang, Unified Patriots and Joe for America. He lives in Phoenix and is almost always armed.

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