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Feds give 2-year grace period for non-Obamacare plansThe Obama administration will let people with health insurance plans that don't comply with Affordable Care Act standards keep them through October 2017 if their states allow it, officials said Wednesday in announcing a series of final Obamacare rules.
The administration also extended Obamacare's open enrollment for next year by a monthit now will run from Nov. 15, 2014, until Feb. 15, 2015. And it is giving insurers additional financial help to offset the costs of benefits claims from new ACA enrollees, with the goal of keeping Obamacare premiums "affordable" in coming years, officials said.
New rules also simplified the paperwork that larger employers will have to file when the the mandate obliging them to offer affordable health insurance to workers begins next year.
And the rules gave a financial break to the types of self-insured health plans run by many unions, excluding them for two years from the $63-per-capita "reinsurance contribution" assessed for each enrollee.
The insurance companies that have worked for the last 4 years re-writing policies to meet the Obamacare mandates--then the ones who have entered the exchanges--must be fairly fed up right now.
These insurers have spent a lot of time and money rewriting their policies over the last 4 years--and they cancelled 6 million to date due to the Obamacare mandates. Now our health care dictator and chief decides to shove future cancellations in the individual marketplace down the road again until 2017--(if state regulators allow it.)-
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If it's not working, and clearly it's not with all these sudden extensions and changes--it's time to repeal Obamacare all together and start all over again.
The Federal Government had 4 years to implement this health care overall and it's obvious it's imploding right before our eyes with all of these extensions. The problem now is, with the fire sale going on with Obamacare medicade and all of the subsidies that people are using to buy insurance, who is going to pay for it? We know that Obama had to collapse the individual marketplace so all these people with cancelled policies would be forced to enter the Obamacare exchange to help pay for all of the above.
Now that's not happening until 2017 and long after Obama is out of office. So what happens to medical insurance premiums next year if millions of people in the private individual market place get an extension on their "liked" policies? Premiums will sky-rocket with the insurers in the Obamacare exchanges to make up their cost.
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