As A Result of Obamacare Since 2010…



No surprise. The Liar In Chief couldn't tell the truth if he tried...while Obama was promising Americans over and over again they could “keep their plans if they liked them” he knew this was a lie and that close to 70% could be dumped by their carriers.

President Obama repeatedly assured Americans that after the Affordable Care Act became law, people who liked their health insurance would be able to keep it. But millions of Americans are getting or are about to get cancellation letters for their health insurance under Obamacare, say experts, and the Obama administration has known that for at least three years.

Four sources deeply involved in the Affordable Care Act tell NBC NEWS that 50 to 75 percent of the 14 million consumers who buy their insurance individually can expect to receive a “cancellation” letter or the equivalent over the next year because their existing policies don’t meet the standards mandated by the new health care law. One expert predicts that number could reach as high as 80 percent. And all say that many of those forced to buy pricier new policies will experience “sticker shock.”

None of this should come as a shock to the Obama administration. The law states that policies in effect as of March 23, 2010 will be “grandfathered,” meaning consumers can keep those policies even though they don’t meet requirements of the new health care law. But the Department of Health and Human Services then wrote regulations that narrowed that provision, by saying that if any part of a policy was significantly changed since that date — the deductible, co-pay, or benefits, for example — the policy would not be grandfathered.

Buried in Obamacare regulations from July 2010 is an estimate that because of normal turnover in the individual insurance market, “40 to 67 percent” of customers will not be able to keep their policy. And because many policies will have been changed since the key date, “the percentage of individual market policies losing grandfather status in a given year exceeds the 40 to 67 percent range.”

That means the administration knew that more than 40 to 67 percent of those in the individual market would not be able to keep their plans, even if they liked them.

Yet President Obama, who had promised in 2009, “if you like your health plan, you will be able to keep your health plan,” was still saying in 2012, “If [you] already have health insurance, you will keep your health insurance.

http://investigations.nbcnews.com/_news/...rance?lite

WH’s Pathetic Response To NBC Report On Obama Knowing Millions Would Lose Health Insurance: This Is “Normal Turnover” And “Not Caused” By Obamacare…

Then how do they explain the hundreds of thousands of cancellation letters from health insurers all referencing Obamacare as the reason?

Of course they've known.

Bunch of suckers who refused to listen

It is the Democratic Leaderships way of placing the proletariat under their thumb and begging for the scrap handouts to be dispersed by guess who - the Dem. leadership.........make them all beholden and you will get votes for life.

It's been done before as we all know and only those "in the party" live well. For everyone else........life is sh!tty. Amazing how dumb people are and just how little it takes to buy them.

Did anyone actually believe Obama when he said that?
His lips were moving, so....

Even the liars here who repeated the lie and insisted it was true knew it was a lie.

My experience buying on the individual. insurance market was pretty unpleasant. Granted it was over 15 years ago, but premiums would curiously go up dramatically when it came time to renew for a second year, and you'd have to go find another policy each year. This was for about three years in the 90 s. it's completely unlike auto or car insurance in that regard, and one reason I don't understand what's going on in the health insurance market.

Didn't reach the threshold of good insurance. #obamastillcares

(10-29-2013 07:28 AM)firmbizzle Wrote:  Didn't reach the threshold of good insurance. #obamastillcares

...as defined by Obamacare.

He lied. Repeatedly. Admit it.

(10-29-2013 08:42 AM)Smaug Wrote:  

(10-29-2013 07:28 AM)firmbizzle Wrote:  Didn't reach the threshold of good insurance. #obamastillcares

...as defined by Obamacare.

He lied. Repeatedly. Admit it.

Seriously? You think his supporters would own up to his lies when he won't either? They're ferverishly looking for something to blame on Republicans as we post.