This Little Light Of Mine

Thursday, October 24, 2013

ObamaCare Wipes Out More Than 1 Million Plans


Owners of individual health-insurance policies already have received more than 1 million cancellation notices, according to a compilation of news reports.

But the pain likely won’t end there.

Health-policy expert Bob Laszewski has concluded that about 16 million Americans will lose their current plans because of Obamacare.

Laszewski explained that about 19 million Americans are in the individual health insurance market.

“Because the Obama administration’s regulations on grandfathering existing plans were so stringent about 85 percent of those, 16 million, are not grandfathered and must comply with Obamacare at their next renewal,” he said.

The 16 million, he said, will receive letters from their carriers saying they are losing their current coverage and must re-enroll to avoid a break in coverage .

“Most of these will be seeing some pretty big rate increases, he said.

Blue Cross in New Jersey, alone, is dropping more than 800,000 customers due to Obamacare.

In a letter earlier this month to customers who purchase insurance on the individual and small-employer markets, the insurance giant explained that their health-insurance plan would no longer exist next year because it does not cover all the essential benefits required by the Affordable Care Act.

The Daily Caller reported 1.1 million Aetna customers are at risk in New Jersey, where the leading insurer also won’t be a part of the state’s new Obamacare exchange.

As WND reported, some insurers are canceling plans sold to people with pre-existing medical conditions. Obamacare forbids insurers from rejecting applicants with pre-existing conditions or charging them higher prices.


In Florida, Kaiser Health Network reported, Blue Cross is terminating 300,000 polices.

Half a million Californians with catastrophic plans are losing their insurance plans because they don’t comply with the Affordable Care Act, KNBC-TV in Los Angeles reported Oct. 10.

Those who try to sign up for new ones, KNBC said, are learning the cost may be significantly higher.

Actor Paul Divito asked in KNBC’s report: “Affordable for whom? It’s basically squeezing us right out of the middle class.”



This is no way an exhaustive list of which companies have these plans to cancel and drop. There have been, and will continue to be, others if ObamaCare isn't repealed! As Actor Paul Divito asked in KNBC’s report: “Affordable for whom? It’s basically squeezing us right out of the middle class” pointed out, this health care program only serves to do one thing....separate even further the distance between the rich and the poor as it will destroy the middle class in this country and put them into the poor category. This is the aim of this socialistic administration because they want to be able to control the masses. What better way to do so, if there are only a few in the rich class and the rest are poor? Mark my words my fellow Americans...if we do not stand up now and take back control of our country and assert our unalienable rights, there will be no country and rights left to reclaim!

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