It’s happening to millions of people all over the United States. Health insurance companies, no longer allowed to offer certain kinds of plans due to new regulations in Obamacare, are sending out cancelation notices.
from NBC:
But the cancellation notices, which began arriving in August, have shocked many consumers in light of President Barack Obama’s promise that people could keep their plans if they liked them.
“I don’t feel like I need to change, but I have to,” said Jeff Learned, a television editor in Los Angeles, who must find a new plan for his teenage daughter, who has a health condition that has required multiple surgeries.
An estimated 14 million people purchase their own coverage because they don’t get it through theirjobs . Calls to insurers in several states showed that many have sent notices.
Florida Blue, for example, is terminating about 300,000 policies, about 80 percent of its individual policies in the state. Kaiser Permanente in California has sent notices to 160,000 people – about half of its individual business in the state. Insurer Highmark in Pittsburgh is dropping about 20 percent of its individual market customers, while Independence Blue Cross, the major insurer in Philadelphia, is dropping about 45 percent.
When all is said and done, the bulk of that 14 million people who purchased their own health insurance may end up losing their plans that President Obama promised them repeatedly that they could keep.
My wife and I have already lost our insurance plan that we were perfectly happy with. Have you received a cancelation notice? Tell us about it in the comments.
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