October 24, 2013

More people losing their healthcare coverage

First there were the 300,000 policies in Florida and the 160,000 people in California. Here we go again - from the Washington Examiner:
CareFirst says 76,000 customers will lose current coverage due to Obamacare
CareFirst BlueCross BlueShield is being forced to cancel plans that currently cover 76,000 individuals in Virginia, Maryland, and Washington, D.C., due to changes made by President Obama's health care law, the company told the Washington Examiner today.

That represents more than 40 percent of the 177,000 individuals covered by CareFirst in those states.

Though Obama famously promised that those who liked their health care coverage could keep it under his program, in reality, the health care law imposes a raft of new regulations on insurance policies starting Jan. 1 that are forcing insurers across the country to terminate existing plans.

In theory, rules were supposed to allow pre-existing plans to be "grandfathered in," but they were written so narrowly that they leave out many plans.
And this is just starting... Posted by DaveH at October 24, 2013 10:06 PM
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