TemplarKormac
Political Atheist
In Obama's press conference today, he issued an executive order allowing the 5 million+ people who lost their insurance because of his signature piece of legislation, to keep their insurance. This infuriated insurers themselves, who during the news conference, lashed out at the President for changing the rules and destabilizing the health insurance market.
Insurers are furious about the White House?s new Obamacare plan
Insurers are furious about the White Houses new Obamacare plan
Health insurance plans are not pulling any punches when it comes to their frustration with today's White House announcement. This is a statement that Karen Ignagni, president of America's Health Insurance Plans, just put out:
Making sure consumers have secure, affordable coverage is health plans' top priority. The only reason consumers are getting notices about their current coverage changing is because the ACA requires all policies to cover a broad range of benefits that go beyond what many people choose to purchase today.
Changing the rules after health plans have already met the requirements of the law could destabilize the market and result in higher premiums for consumers. Premiums have already been set for next year based on an assumption of when consumers will be transitioning to the new marketplace. If now fewer younger and healthier people choose to purchase coverage in the exchange, premiums will increase and there will be fewer choices for consumers. Additional steps must be taken to stabilize the marketplace and mitigate the adverse impact on consumers.
That statement went out during the president's news conference, where Obama's comments likely didn't do much to endear insurers to these changes. He essentially described this policy decision as one allowing the White House to shift the blame for cancellations from the White House to the health plans.
Insurers are furious about the White House?s new Obamacare plan