The website train wreck is just the beginning. The worst is yet to come.
As many as 16 million Americans may lose their insurance due to Obamacare
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A couple days ago, we discussed a report from Kaiser Health News which revealed that - so far - over half a million Americans had lost their preferred insurance plans due to ObamaCare. Since their story only covered a few insurers in three states, it was obviously just the beginning. According to Forbes, there are now more people in those three states that have LOST their insurance than there are new ObamaCare signups across all 50 states. So we know the numbers released so far will be just the tip of the iceberg.
Now, we’re starting to see estimates of just how big that iceberg really is.
Health care expert Bob Laszewski has done the math, and he claims that about 16 million people are going to see their policies evaporate. ...But don’t worry, they’ll be allowed to re-enroll at higher rates.
From Laszewski’s website, via TownHall.com
The U.S. individual health insurance market currently totals about 19 million people. Because the Obama administration’s regulations on grandfathering existing plans were so stringent about 85% of those,16 million, are not grandfathered and must comply with ObamaCare at their next renewal. The rules are very complex. For example, if you had an individual plan in March of 2010 when the law was passed and you only increased the deductible from $1,000 to $1,500 in the years since, your plan has lost its grandfather status and it will no longer be available to you when it would have renewed in 2014. These 16 million people are now receiving letters from their carriers saying they are losing their current coverage and must re-enroll in order to avoid a break in coverage and comply with the new health law’s benefit mandates——the vast majority by January 1. Most of these will be seeing some pretty big rate increases.
So, rather than ensuring that “30 million Americans would have access to easy, affordable, healthcare,” the President’s plan is causing 16 million more to lose plans they were happy with. In exchange, they’re being offered a replacement that they may not want and possibly can’t afford.
This is all goingexactlyas conservatives predicted.
Oh, and while we’re on the topic, here’s a fun piece from last night’s CBS Evening News. In it, they obliterate Obama’s “If you like your plan, you’ll be able to keep it” hokum. Be warned: while it calls out the President’s lie, it also comes with a hefty dollop of “you’re just too dumb to understand how much better it will be.”