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Wednesday, October 23, 2013

Florida Blue is terminating about 300,000 policies

Remember Obama promising that you could keep your health plan if you like it? That was a lie.

Health plans are sending hundreds of thousands of cancellation letters to people who buy their own coverage, frustrating some consumers who want to keep what they have and forcing others to buy more costly policies.

The main reason insurers offer is that the policies fall short of what the Affordable Care Act requires starting Jan. 1. Most are ending policies sold after the law passed in March 2010. At least a few are cancelling plans sold to people with pre-existing medical conditions

So was the lie about saving $2500 per year.

Some receiving cancellations say it looks like their costs will go up, despite studies projecting that about half of all enrollees will get income-based subsidies.

Meanwhile ...
Florida Blue, for example, is terminating about 300,000 policies, about 80 percent of its individual policies in the state. Kaiser Permanente in California has sent notices to 160,000 people – about half of its individual business in the state. Insurer Highmark in Pittsburgh is dropping about 20 percent of its individual market customers, while Independence Blue Cross, the major insurer in Philadelphia, is dropping about 45 percent.
Kris Malean, 56, lives outside Seattle, and has a health policy that costs $390 a month with a $2,500 deductible and a $10,000 in potential out-of-pocket costs for such things as doctor visits, drug costs or hospital care.

As a replacement, Regence BlueShield is offering her a plan for $79 more a month with a deductible twice as large as what she pays now, but which limits her potential out-of-pocket costs to $6,250 a year, including the deductible.

“My impression was …there would be a lot more choice, driving some of the rates down,” said Malean, who does not believe she is eligible for a subsidy.
The troubles with the ObamaCare website may actually feel like a gentle wind before the storm.  Most people don't know how much more they will be paying yet because they have not been able to get through.  
Jay Carney is starting to get questions about the disastrous, horrible, really bad rollout of the ObamaCare website.  You have to know that he won't be asked about the ObamaLies about ObamaCare because racist.
Obama lied, people lost their health insurance.  But don't worry, he's got his.

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