Conservative Groups Warn Of New Wave Of Insurance Cancellations

President Obama and Congress are focused on preventing millions of Americans from losing their insurance plans because of the new health care law, but conservative groups warn that a bigger tidal wave of cancellations is building - and is set to hit just before the 2014 midterm elections.

Insurance companies have been dropping individuals from current plans that do not meet Obamacare’s new requirements, creating a firestorm of controversy and undercutting public support for the president’s signature achievement.

The White House insists that the problem is limited to people who buy their own insurance and have said that group represents only 5 percent of the insurance market.

In the coming year, many small businesses – those with fewer than 50 employees—will be forced to deal with the same dynamic that led to the individual-plan terminations.

More