Thousands Of Consumers Get Insurance Cancellation Notices Due To Health Law Changes

Posted by on Oct 21, 2013 at 12:36 pm

Health plans are sending hundreds of thousands of cancellation letters to people who buy their own coverage, frustrating some consumers who want to keep what they have and forcing others to buy more costly policies.

The main reason insurers offer is that the policies fall short of what the Affordable Care Act requires starting Jan. 1. Most are ending policies sold after the law passed in March 2010.  At least a few are cancelling plans sold to people with pre-existing medical conditions.

By all accounts, the new policies will offer consumers better coverage, in some cases, for comparable cost — especially after the inclusion of federal subsidies for those who qualify. The law requires policies sold in the individual market to cover 10 “essential” benefits, such as prescription drugs, mental health treatment and maternity care. In addition, insurers cannot reject people with medical problems or charge them higher prices. The policies must also cap consumers’ annual expenses at levels lower than many plans sold before the new rules.

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.

Full story.

One Response to “Thousands Of Consumers Get Insurance Cancellation Notices Due To Health Law Changes”

  1. cindobindo on 22/22/13 at 6:49 am

    I was forced a couple of months ago to change my own coverage, and my premium per month is up $50. It is immoral to force people who CANNOT have babies to pay for a “plan” that includes maternity care, or anything else that they will never ever need. A cookie cutter approach to “healthcare insurance” is simply INSANE.
    Not only that, but my deductible is now $4,000, whereas, under President Bush, in 2007, it was ZERO.
    Obama is far and away the very worst president we ever had. Nobody else even comes CLOSE. Against Carter, if they were horses in a race, he’s Man O War against Carter as Hoodwink.