The reason is, your policy did not have the minimum provisions required in Obamacare. Therefore, that particular policy will no longer exist under the new law.
You can't blame Obamacare because you selected substandard insurance. And remember, those who have no insurance at all will be getting a 100% premium increase. However, the vast majority of them are grateful they can finally get insurance.
You likely qualify for subsidies, if you're too stubborn to take them, that's on you.
Another TLC (Typical Lib Comment): “That’s not happening. The rates found on the exchanges are the same as the private policies we already have.”
I heard that one today.
I liked that comment too. He didn’t have substandard insurance, he had the insurance he chose. Now he is told his choice is irrelevant.
I noticed that the commenter didn't mention that the reason his policy doesn't have the minimum provisions is that it didn't provide HIM with coverage for maternity care, mammograms, ob/gyn services and abortion services.
Thousands and millions of policies are being canceled because of this.