Ouch: 300,000 Floridians & 160,000 Californians Lose Health Care Policies Due to ObamaCare
If you like your health plan, you can keep it – unless your plan gets in the way of ObamaCare.
According to NBC, hundreds of thousands of Americans in Florida, California and Pennsylvania are being notified by their insurance companies that, due to ObamaCare, their current coverage is being terminated.
“Florida Blue, for example, is terminating about 300,000 policies, about 80 percent of its individual policies in the state. Kaiser Permanente in California has sent notices to 160,000 people – about half of its individual business in the state. Insurer Highmark in Pittsburgh is dropping about 20 percent of its individual market customers, while Independence Blue Cross, the major insurer in Philadelphia, is dropping about 45 percent.”
Even after losing their plans, ObamaCare is adding salt to the wound by forcing them to pick from more costly plans. So much for “affordable.”
“Some receiving cancellations say it looks like their costs will go up, despite studies projecting that about half of all enrollees will get income-based subsidies.
“Kris Malean, 56, lives outside Seattle, and has a health policy that costs $390 a month with a $2,500 deductible and a $10,000 in potential out-of-pocket costs for such things as doctor visits, drug costs or hospital care.
“As a replacement, Regence BlueShield is offering her a plan for $79 more a month with a deductible twice as large as what she pays now, but which limits her potential out-of-pocket costs to $6,250 a year, including the deductible.
“‘My impression was …there would be a lot more choice, driving some of the rates down,’ said Malean, who does not believe she is eligible for a subsidy.”
No matter what the Democrats and bureaucrats in Washington say, ObamaCare is going to raise premiums, increase costs, and limit choices.
“‘The arithmetic is inescapable,’ said Patrick Johnston, chief executive officer of the California Association of Health Plans. Costs must be spread, so while some consumers will see their premiums drop, others will pay more — ‘no matter what people in Washington say.’”