Tuesday, September 27th, 2016

If you like your health insurance, you can’t keep it – again

0

So just how many insurance policies will be canceled by Obamacare?

The Obama administration has repeatedly said that the health-insurance-plan cancellations receiving so much attention in the news in recent days will affect only the 5 percent of Americans who purchase insurance on the individual market. The Department of Justice, however, in a brief filed in federal court last month, conceded that the number may be much higher. According to the administration’s numbers, nearly 80 million additional Americans, “a majority” of those on employer-sponsored health plans, may also be out of luck.

“It is projected that more group health plans will transition to the requirements under the regulations as time goes on,” DOJ lawyers wrote in response to court challenge to the law’s requirement that insurance plans provide coverage of contraception. “Defendants have estimated that a majority of group health plans will have lost their grandfather status by the end 2013.”

Say goodbye to your employer-based health coverage:

”The Departments’ mid-range estimate is that 66 percent of small-employer plans and 45 percent of large-employer plans will relinquish their grandfather status by the end of 2013,” the Register says. “The low-end estimates are for 49 percent and 34 percent of small and large-employer plans, respectively, to have relinquished grandfather status, and the high-end estimates are 80 percent and 64 percent, respectively.”

Be Sociable, Share!

Print this entry

Comments are closed.