Posted on 10/23/2013 5:55:54 AM PDT by Oldeconomybuyer
Independence Blue Cross has sent out cancellation notices to 24,000 members in the Philadelphia region whose insurance plans do not comply with new rules under the Affordable Care Act.
The cancellations were sent to about half of the Independence Blue Cross individual plan members in the Philadelphia region who purchase insurance on their own because they don't get it through work.
(Excerpt) Read more at newsworks.org ...
I saw a story yesterday about a Florida company doing this too, sounds like it’s spreading. I wonder how this is all going to go over with the good folks.
I like Hope and Change better.
So much for Obongo’s promise that Obongocare won’t have any effect on existing plans.
Ours are cancelling in January.
Pray America will wake up
hehe....Philly Region. Probably all brain dead Obama voters.....
All 109% of them!
What comes at this point are all the people who didn’t really question anything...just voted...assuming that things were just going to stay the same with them.
Now forced to check out other plans and find other options...each will find a frustrating month ahead of them. It’s bound to be wrapped up in cost issues and higher deductibles...which relate to up-front costs that you (the consumer) will pay and regret as you get into 2014.
Now, a little note to all on investing for 2014. If you come around to mid-December, and no reprieve has been granted by Congress or the President, and it’s bound to look doubtful....then you need to take a chunk of your investment portfolio and put it into one of the top ten health insurance companies in America for 2014. The reason? This higher deductible game that everyone is being forced into....means generally more profit in the companies account at the end of 2014. Profits will soar, and the President will be standing there with no explanation as to why the profits soared....while citizens paid more for health insurance. My humble guess is that if you keep your money invested for all of 2014...figure by late spring 2015...a forty to fifty percent growth in the stock price, with excellent dividends. You might actually make enough to pay for all your health insurance costs for 2014.
Funny, how the real world operates.
Pretty much anyone with an individual plan (not employer provided) is getting kicked off. Most individuals choose catastrophic type policies to keep the premiums lower, but those type policies do not provide the benefits required by Obamacare.
I’m looking right now for another policy because my individual Blue Cross plan is canceled as of Jan. 1.
This is why, now that the ball is rolling, it’s not possible for the individual mandate to be delayed.
People are getting kicked off their own plans right and left and have to get something else. The genie is out of the bottle. Insurance companies can’t just send another letter saying, “oops, my bad, you can keep your plan for another year” after millions have already taken the step to purchase a new, compliant policy.
It’s a huge mess!
I guess you could look at it that you can keep “existing” plans...it is just that as of Jan 1, 2014, the plan will no longer “exist”. Makes sense in nobamaworld.
Good advice. Since the high risk pool is being forced into the exchanges at tax payer expense, who’s left for private insurance are the healthier, paying customers. Those are the ones insurance companies thrive on. Record profits next year for them.
Wonder what Obama’s going to tell them they have to do today at that meeting. No doubt he’s going to strong arm them into kicking in a bunch of money for the geek team coming in to fix the website. They’ve already been hit up for this, but they’ll be hit up again.
My doctors group fired my insurer for 2014.
How do the “poor” who don’t have computers sign up???
How do the “poor” who don’t have computers sign up???
“If you like your plan, you can keep it. Period.”
Health insurance should be to protect you from catastrophes, not pay for bandaids.
The poor go straight to the Death Panels.
Pray America Wakes Up
One of the non-compliance problems is that many plans don’t pay for abortions.
What Clown Prince nobama meant was that you could “keep it” (the paper copy)...it just wouldn’t be recognized or honored. The clever Clown Prince is never wrong, is he?
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