So how’s this promise working out, Stephanie?
A key point to remember is that while the Act makes many changes to the individual market, it specifically allows those who want to keep their current insurance to do so. Most of the Act’s protections apply only to new policies, allowing people to stick with their current plan if they prefer. It is true that a few protections apply to all plans, both new and old, but these protections—like limiting the share of premiums that insurers can devote to administrative costs—are designed to help consumers and cut health care costs.
The bottom line is that the Act allows people to keep the insurance they have, while also providing more and better options for all.
More and better options for all, huh? Really?
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.”
Obama lied, healthcare died.
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.
It’s worth noting the Stephanie Cutter lie was authored two months later. They knew, but deliberately lied, and the media let them get away with it. Meanwhile, Obama’s boss added this spin Monday night:
FACT: Nothing in #Obamacare forces people out of their health plans. No change is required unless insurance companies change existing plans.
— Valerie Jarrett (@vj44) October 29, 2013
Scary thing is she might actually believe this, especially because she added “FACT” to it.