The news keeps going from worse to worse-er for the administration and Obamacare. The latest hit, however, does not revolve around the dysfunctional healthcare.gov website, whose hundreds of millions of lines of faulty code will take a very long time to fix, but relates to Obama's promises that individuals would be able to keep their existing healthcare plans following the rollout of the Affordable Care Act. The truth, as NBC reports, is they can't but what's worse is that Obama knew as early as July 2010 that 40 to 67 percent of customers will not be able to keep their policy. And that's not all: since the 14 millions consumers who buy their insurance individually will be forced into comparable plans, they are all set to experience a "sticker shock" when "opting" for the mandatory alternatives.
From NBC:
President Obama repeatedly assured Americans that after the Affordable Care Act became law, people who liked their health insurance would be able to keep it. But millions of Americans are getting or are about to get cancellation letters for their health insurance under Obamacare, say experts, and the Obama administration has known that for at least three years.
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.”
The reason for the sticker shock: mandatory cadillac plan replacements:
Individual insurance plans with low premiums often lack basic benefits, such as prescription drug coverage, or carry high deductibles and out-of-pocket costs. The Affordable Care Act requires all companies to offer more benefits, such as mental health care, and also bars companies from denying coverage for preexisting conditions.
Obama, it turns out, knew all about this:
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7 comments:
This can't possibly be true! WE are looking towards Hope and Change!
Obama is an Anti-American Lying POS.
RECALL.
what do you expect from the liar in chief? hmmmmm
Of course he knew. He and his supporters are what is completely wrong with this country. He as well as his supporters aren't worthy enough to breath the same air as decent Americans. If he died tomorrow I would have a party. He's a disgrace.
This is all part of the march towards a single payer system...how this POS is still in office is beyond me...he is nothing less than a traitor...and just wait for when you are taxed for your "Cadillac Plan"...
Medicare is single payer and I will bet you cannot wait to get on it or you already are.
8:27 have you looked at your pay stub lately? Oh thats right you're on wlefare, unemployment or some other gov't program. You are taxed, both the employee and employer for payments to medicare. Wise up and stop being stupid.
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