Tuesday, October 29, 2013

What Did Obama Know About People Losing Their Privately Purchased Insurance?

Obama administration knew millions could not keep their health insurance. "Four sources deeply involved in the Affordable Care Act tell NBC NEWS that 50 to 75 percent of the 14 million consumers who buy their insurance individually can expect to receive a "cancellation" letter or the equivalent over the next year because their existing policies don't meet the standards mandated by the new health care law. One expert predicts that number could reach as high as 80 percent. And all say that many of those forced to buy pricier new policies will experience "sticker shock."" Lisa Myers and Hannah Rappleye in NBC News.

...And what the NBC story has wrong. "This all sounds very ominous until you consider that the naturally high turnover rate associated with the individual market means that it's highly unlikely that individuals would still be enrolled in plans from 2010 in 2014. In fact, the Obama administration publicly admitted this when it issued the regulations in 2010, leading Republicans like Sen. Mike Enzi (R-WY) to seize on the story in order to push for repeal of the grandfather regulations. The debate was widely covered in the press, so it's unclear what exactly the NBC investigation unit has uncovered." Igor Volsky in Think Progress

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