Skip to comments.Three states forced wholesale insurance cancellations because of ObamaCare (VA, KY, ID)
Posted on 10/31/2013 2:20:42 PM PDT by Libloather
CNN reports that insurers had nothing to do with it in at least three states, where the states themselves forced the cancellations in order to comply with ObamaCare:
President Obama may have promised Americans that they can keep their insurance if they like it, but thats not the case in at least three states where insurance companies are required to discontinue plans that dont meet Obamacares new coverage standards.
Virginia, Kentucky and Idaho have told insurance companies that they must scrap insurance plans that dont meet the minimum coverage requirements laid out in the Affordable Care Act. Some states allow insurers to amend their current plans to include the new benefits, such as maternity care and prescription drug coverage, required under Obamacare.
But these three states have determined that with so many changes required under Obamacare, its easier to start over than to try to bring existing plans into compliance.
(Excerpt) Read more at hotair.com ...
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Well what’s next? Maybe Obamaguns! Obama will have the government force all gunsmakers to comply with government required gun standards developed to put all gunmakers out of business.
yep, what a bummer. O well, OBummer and Big Mouth are on their way to rescue him BWAHAHAHA
Ping for later
Obama lied, citizens have been denied!
If they can get the message out it would help Cuccinelli. Personally, just from what I have heard on the DC AM radio, the Old Dominion is a model for voter fraud; Dems encourage it. The GOP has NOT the will to stop it.
Not being reported much is the vast majority of folks who can sign up for ObamaCare....are signing up for Medicaid
ObamaCare is a disaster...and if the GOP are not doing everything to stop it...they support it
“You can keep your insurance if you like it, period.”
The part he left out is, “if your your insurance meets the standards of Obamacare.” Thus you now have a new policy with a huge rate increase or no insurance at all.
To quote Joe Wilson at the State Of The Union address last year, “YOU LIE !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!”
This is a general post to knowledgable FReinds. I’ve gotten good feedback about insurance questions at FR.
The business that I share with my wife, marketing and web development took such a hit back when the market went arseways in ‘08 that I had to go out and get a certification as a Nurse’s Aide just so that I might have access to healthcare. This has been a significant pay cut for me, though we now have an excellent plan and I am in a pretty stable industry. My wife’s side of the business has come back a bit and I work on the side as well and teach at the local Community College ~ all this just to make ends meet. I ain’t complaining. I’m one of the lucky ones.
Under these circumstances ~ I am hearing estimates of 15 million Americans currently being knocked out of their plan and expect for this number to grow ~ Why should I expect that there will be ANY private healthcare provider. I am trying to plan for what may occur in the future and I guess that I don’t know why I would expect any private programs ~ including my own, the main reason that I work as a GNA ~ will survive.
What may happen to my dental ~ I have 2 kids in braces ~ particularly if my plan gets pulled midway through ortho therapy?
Any comments or observations?
I don't have an answer but that is a very good question. Obviously there is a very big potential there to destroy the insurance industry.
Privately held policies, the catastrophic plans, are a money maker for the big companies. I carry my own plan, not because I ever use it, but to protect my assets if we get into a car wreck. Its a win for me, and a win for Blue Cross. I truly believe after a year or so of turmoil, there will be a big reset for policy year 2015. Companies will actively pursue people like me and you, to balance out the high risk disaster pools they’re being forced to take on now.
I got a letter offering to continue my policy until Dec 2014. The premium increase was negligible. I accepted. I expect they will try to keep my business at that time.
Just make a short term plan to get your family through the end of next year in the most financially smart way. Someone makes money on the braces, and they want to keep making money, and they will fight for the ability to do so. We may be nobody, but this law is so huge, and so encompassing, that it will inevitably hurt someone along the food chain with influence and power. If I had to guess, that is exactly what the meeting of the ins company heads with the admin last week was about.
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Just keep ridin it. My wife is worrid. It’s out of our hands though. At some point I should think there will be some kind of march on DC to dwarf all that have come before. Good hearing from you my zenFRiend. Hope that you are well. I have been slightly removed from FR in recent years with twice the work for half pay and nearly through nursing school.
Good observations. Thanks for the feedback.
I’m doing good, thank you. I’m sorry you have taken such beating. All any of us can do is try to position ourselves as best we can and hang in there. I also think the blow back is going to be tremendous.
And we are just getting started.