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Health Insurers Urged to Extend Policies Beyond Year-End
Wall Street Journal ^ | November 5, 2013 | TIMOTHY W. MARTIN and LOUISE RADNOFSKY

Posted on 11/06/2013 6:03:38 AM PST by reaganaut1

Federal lawmakers and state officials are stepping up pressure on insurers to allow consumers whose coverage has been canceled in response to the health overhaul to keep their policies beyond the end of the year.

On Tuesday, one of the largest regional health plans in the nation, Blue Shield of California, said it would relax its stance on terminated policies for about 115,000 people after state regulators demanded it do so. Customers now will have until March to decide which plan to choose for 2014, a three-month extension. Because the newer plans generally cost more, the extension could save residents as much as $28.6 million on premiums, said Dave Jones, California's insurance commissioner.

"For 115,000 people, they get additional time to decide what's best for them and their families," he told reporters Tuesday. The California Department of Insurance is reviewing termination letters sent by other insurers in the state to decide whether other companies need to offer consumers similar extensions, Mr. Jones said.

The move by Mr. Jones, an elected Democrat, comes as some other Democrats are seeking ways to allow individual policyholders to keep their current health plans and to defuse the issue of canceled plans, which has become a headache for supporters of the law.

Cancellation letters are expected to be sent to as many as 10 million Americans who buy coverage directly from insurers, rather than through an employer or government program. While these individuals would have to buy new policies, regulators and lawmakers say the extensions would give them more time to shop for an affordable new plan—particularly because continuing problems with insurance exchange websites are preventing many of these consumers from finding new coverage.

(Excerpt) Read more at online.wsj.com ...


TOPICS: Business/Economy; Front Page News; Government; News/Current Events; US: California
KEYWORDS: abortion; california; deathpanels; obamacare; zerocare
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To: reaganaut1

“The president gets major legislation based on the lie that “you can keep your plan if you like it””

Actually, if memory serves, the ACA was passes based on absolutely nothing other than ‘you have to pass it to find out what’s in it’.


41 posted on 11/06/2013 12:17:22 PM PST by MichaelCorleone (Jesus Christ is not a religion. He's the Truth.)
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To: ToastedHead

You are right. The way to win this game is to not play.


42 posted on 11/06/2013 5:00:36 PM PST by SisterK (its a spiritual war)
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To: AdmSmith; AnonymousConservative; Berosus; bigheadfred; Bockscar; cardinal4; ColdOne; ...

Thanks reaganaut1.
On Tuesday, one of the largest regional health plans in the nation, Blue Shield of California, said it would relax its stance on terminated policies for about 115,000 people after state regulators demanded it... Because the newer plans generally cost more, the extension could save residents as much as $28.6 million on premiums, said Dave Jones, California's insurance commissioner... an elected Democrat... some other Democrats are seeking ways to allow individual policyholders to keep their current health plans and to defuse the issue of canceled plans, which has become a headache for supporters of the law.

43 posted on 11/06/2013 5:05:17 PM PST by SunkenCiv (http://www.freerepublic.com/~mestamachine/)
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To: grania

“The fun is going to start when people with subsidized policies find out about deductibles and getting the insurance company to pay for stuff.”

This is the big unknown. It may be that many middle class people faced with high deductibles they cannot afford, and earning too much to obtain subsidies, will simply forgo all but emergency medical care resulting in premature death for many. In that even, demand for medical may actually decline instead of rise under Obamacare.

In that case the Democrats will be demanding evil insurance companies lower deductibles and reduce their “obscene” profits.


44 posted on 11/06/2013 7:06:53 PM PST by Soul of the South (Yesterday is gone. Today will be what we make of it.)
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To: Buckeye McFrog

Obama lied.

PERIOD.

There are no “buts”.

Stop blaming the insurance companies for Obama’s lies.


45 posted on 11/06/2013 7:41:19 PM PST by swpa_mom
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To: reaganaut1

All the insurers have to do is simply ignore this stupid law. And everyone who doesn’t want insurance should simply not buy it. What are they going to do?


46 posted on 11/06/2013 10:22:44 PM PST by VerySadAmerican (".....Barrack, and the horse Mohammed rode in on.")
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To: sickoflibs

$28.6 million....does that include the $2,500 they’re going to save on obamacare?


47 posted on 11/06/2013 10:24:31 PM PST by VerySadAmerican (".....Barrack, and the horse Mohammed rode in on.")
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