ObamaCare Wipes Out More Than 1 Million Plans

WND REPORT

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.”

CLICK HERE TO READ OF MORE INSURANCE COMPANIES WHO ARE CANCELLING  HEALTH AND DRUG PLANS, DROPPING WORKERS AND WHERE

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 There have been, and will continue to be, others if ObamaCare isn't repealed!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!

ObamaCare - More Affordable? Kiss My Lilly White Behind It Is!

With THIS CHART and many news reports about ObamaCare being a HUGE MONSTROCITY of a disater, this report only adds to and confirms this knowledge! With a huge price tag for MOST Americans in premiums PLUS HUGE DEDUCTIBLES as well, will SOMEONE PLEASE tell me exactly how is this healthcare disaster MORE AFFORDABLE????

To the shock of consumers who believed President Obama’s promise that they could keep their health-insurance plans if they liked them, hundreds of thousands of cancellation notices have been issued since August, according to Kaiser Health News, a service of the health insurance giant Kaiser Permanente.

The letters are going to people who buy their own coverage, which has frustrated many who want to keep what they have and has forced others to buy more costly policies.

The insurers explain that the policies are not in alignment with requirements of Obama’s Affordable Care Act that take effect Jan. 1

Most of the insurers are ending policies sold after the law passed in March 2010.

Some 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.

Kaiser Health News said an estimated 14 million people purchase their own coverage because they don’t get it through their jobs.

READ THE REST OF THIS ARTICLE HERE 

No Wonder ILLEGAL Aliens Want To Stay Here!

They've never had it so good! And better than some of us Americans! And hard working poor families just getting by are due to lose even more of our government's aid because of cutback in food stamps. I got a CRAZY idea....why don't we take the money we're giving to people here ILLEGALLY and give it to OUR OWN people in need, eh?

According to a recent Center for Immigration Studies report, the Treasury Department’s Inspector General for Tax Administration estimates that $4.2 billion in payments were sent to families of illegal aliens under the Additional Child Tax Credits, or ACTC, in the tax processing year 2010. Many of the payments went for non-existent children, or for dependent children found living outside the United States.

The ACTC program, first initiated in 1997, is an income-transfer program for low-income families that offers up to $1,000 per child per year to all resident families, including evidently those of illegal aliens.

Unlike the EITC program in which the filer and his dependents must have Social Security numbers to obtain a tax-credit refund, the ACTC program has no such requirements.

“Since earned income is taxable whether or not the worker is legally in the country, the IRS had to create a system to identify individuals who had tax obligations even though they were not here legally,” the CIS report noted.

“Hence the Individual Taxpayer Identification Number (ITIN). But the IRS also decreed that ITINs can be used to identify dependents when SSNs are not legally obtainable.”

A person must be a legal resident of the United States to get a Social Security number legally. The ACTC program operates for those filing income-tax returns with an ITIN in a manner comparable to the way the EITC program operates for those filing income-tax returns with a Social Security Number.

Bob Segall, a senior investigative reporter for WTHR-TV in Indianapolis, first aired a report on April 26, 2012, detailing widespread abuse with the ACTC program. Lax enforcement by the IRS has resulted in illegal immigrant families applying for ACTC payments of as much as $1,000 per year for as many as a dozen claimed dependents.

An additional problem is that many illegal immigrant families claimed ACTC payments for nieces and nephews who live in countries outside the United States, including Mexico.

If the IRS attempts rigid administration of the ACTC program, many families currently receiving ACTC tax-credit refunds may not receive comparable benefits in the future.

READ THE REST OF THIS ARTICLE HERE