Obamacare Debut – TWICE AS MANY Cancellations As Enrollments!
While some two million Americans have signed up for Obamacare programs through various state healthcare exchanges, twice as many have had policies cancelled!
According to official Health and Human Services (HHS) data obtained by the Associated Press (and reported by The Daily Caller on Thursday) some 4.7 million Americans have had their insurance terminated. Why?
There is a clause that grandfathers in some insurance plans purchased before 2010, prior to Obamacare, but HHS estimates between 40 and 67 percent of Americans will eventually lose whatever previous health care plan they had!
Obama belatedly tried to add a one-year extension to ward off the cancellations, but many insurance companies, reading the writing on the wall, will not re-start plans they know will eventually become “illegal” under the Affordable Care Act.
The Daily Caller reports some of the requirements and policies contained in the bill: