"Afforadable" Health Care: Hundreds of Thousands of Insured Get Cancellation Notices, But Penalty for Uninsured May Be Delayed
The U.S. individual health insurance market currently totals about 19 million people. Obama administration's regulations on grandfathering existing plans are so stringent, that about 85% of those, 16 million, are not grandfathered and must comply with Obamacare at their next renewal.
Florida Blue, for example, is terminating about 300,000 policies, about 80 percent of its individual policies in the state [...]
The Affordable Healthcare Act requires that most people have health insurance by Jan. 1, 2014 or face a penalty, but the Administration may postpone when those penalties will go into effect. The potential extension comes as the federal health exchanges are under fire for ongoing technical problems [...]
“Let me be exactly clear about what health care reform means to you.”According to Kaiser Health news, hundreds of thousands of Americans have already received cancellation notices from the few insurance companies that they surveyed.
-- President Barack Obama at rally in July 2009
Florida Blue, for example, is terminating about 300,000 policies, about 80 percent of its individual policies in the state [...]
The Affordable Healthcare Act requires that most people have health insurance by Jan. 1, 2014 or face a penalty, but the Administration may postpone when those penalties will go into effect. The potential extension comes as the federal health exchanges are under fire for ongoing technical problems [...]