Quote from Tsing Tao:
Ah, so when the insurance companies told them they wouldn't have coverage because their plans were cancelled, they were just joshing. Those silly insurance companies. Always pranksters, they are!
Insurance companies cancel plans but not people's freedom to get a different plan, which they will in most cases.
Sorting out why insurers cancel policies: Blaming Obamacare is a smokescreen obscuring the relentless search for profits
By Wendell Potter
November 18th, 2013 10:33 AM
"Now that President Obama has said itâs OK with him if insurance companies keep their policyholders in health plans that donât meet the standards established by the Affordable Care Act, at least for another year, the big question is whether insurers will take him up on the offer.
"The answer: it depends.
"Some insurance executives will view the offer as one they canât turn down. Even though Karen Ignagni, president of Americaâs Health Insurance Plans, the industryâs big PR and lobbying group, had nothing good to say about Obamaâs proposal, keep in mind that she doesnât run an insurance company. While industry executives look to her to comment on what politicians do, they make their own decisions when it comes to their companiesâ bottom lines.
"Hereâs what Ignagni was quoted as saying in a FOX News story Friday:
âThe only reason consumers are getting notices about their current coverage changing is because the ACA (Affordable Care Act) requires all polices to cover a broad range of benefits that go beyond what many people choose to purchase today.â
"Not so fast. There are other reasons some folks are being told theyâll have to change health plans next year. Many of them are having to switch plans not because of Obamacare but because their insurance companies want to move them into policies with higher profit margins.
"Insurance companies have been sending similar notices to their customers for years. My son Alex â and thousands of other customers of a Blue Cross plan in Pennsylvania â got such a notice four years ago, months before Congress passed the health reform law.
"Why? The insurer wanted to move those policyholders out of a plan with a reasonable $500 annual deductible and into one with a deductible ten times that amount. To accomplish that, Blue Cross notified its policyholders that their health plan would not be available in 2010. Their options were to switch to the high-deductible policy, which would still cost them a couple of dollars more each month, or to another plan with that reasonable $500 deductible. If they chose the latter, their monthly premiums would increase 65 percent."
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(Wendell Potter is a health insurance industry whistleblower and author of 'Deadly Spin: An Insurance Company Insider Speaks Out on How Corporate PR Is Killing Health Care and Deceiving Americans')