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Its official: Obamycare debuts with more cancelled plans than enrollments
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obamy and the libs.....serving the American public since 2008.![cuckoo :cuckoo: :cuckoo:](/styles/smilies/cuckoo.gif)
It's official: Obamacare debuts with more canceled plans than enrollments | The Daily Caller
Obamacare may have promised health insurance for the masses. But on its first day, its left more Americans without coverage than before the law was passed.
More than 4.7 million Americans had their health insurance canceled as a result of any of the thousand-plus-page laws new rules, the Associated Press reports, but the Department of Health and Human Services (HHS) confirmed Tuesday that between federal and state exchanges, just 2 million Americans have signed up for Obamacare coverage.
The Obama administration has yet to announce the final tally of full enrollments, which are only confirmed once customers have made their first payment, but Cato Institute health policy expert Michael Cannon warns that not all those who signed up will complete their purchases, potentially leaving the White House with an even lower bottom line.
Even without the full number of enrollments, Obamacares current net effect is clearly in favor of cancellations. Millions are already seeing Obamacares adverse effects largely due to more mandates for more services.
The health-care law requires that all insurance plans cover 10 essential benefits, eliminating millions of plans that dont fit the bill and boosting costs for consumers that have to purchase coverage for services they may not want or need.
All plans must include maternity coverage, for example including plans for men and post-menopausal women. Even customers without children must purchase plans that cover pediatric services. Other newly established essential benefits include hospitalization, mental-health services and preventive and wellness services.
While a grandfather clause allowed plans purchased before Obamacare passed in 2010 to continue, HHS estimated that 40-67 percent of plans would eventually lose their status and cost millions of Americans their insurance plans.
The Obama administration eventually admitted Obamacares role in crushing many Americans coverage and has scrambled to belatedly make up for it. President Barack Obama first attempted to reinstate the canceled coverage for just one more year, but many insurers chose not to restart already-canceled plans.
The latest stopgap, announced just before the deadline to purchase exchange coverage, is to allow those with canceled plans a one-year hardship exemption from the individual mandate to have medical coverage, but insurance companies didnt see this as an adequate solution either.
This type of last-minute change will cause tremendous instability in the marketplace and lead to further confusion and disruption for consumers, Robert Zirkelbach, a spokesman for the trade group Americas Health Insurance Plans, told reporters.
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obamy and the libs.....serving the American public since 2008.
![cuckoo :cuckoo: :cuckoo:](/styles/smilies/cuckoo.gif)