New Health Care Law Redefines “Insurance”
As the number of cancelled health care insurance plans mounts (130,000 cancellations in Kentucky, 140,000 in Minnesota, and 400,000 in Georgia for starters), the suddenly uninsured are wondering how President Obama’s oft-repeated re-election campaign promise that “If you like your insurance, you can keep your insurance,” amounts to anything other than a flat-out lie.
The problem is that many current insurance policies don’t provide the basic level of protection required by the new Affordable Care Act. In essence, if a plan doesn’t meet the new federal standards, it is illegal and must be cancelled. This is the reason millions of Americans have begun receiving cancellation notices. In many cases, signing up for a private or government-sponsored policy that does meet the new standards includes a substantial bump up in cost, a reality that runs contradictory to Obama’s claims.
One Pennsylvania couple had their $770 monthly health care policy with a $2,500 deductible cancelled. The cheapest state insurance coverage they’ve been able to locate costs $1,275 monthly and includes deductibles that total $12,700. Since this middle class couple is not eligible for subsidies, they did not get to keep their plan which they liked very much. (Derek Dowell – VNN) (Image: Flickr | twbuckner)