At least you admit the policies were not grandfathered because the insurance companies saw a way to abuse the law to maximize their profit. Three cheers for Capitalism! But I would call that corporate greed, not Congress selling you out.The insurance companies can do anything they want. They couldn't have a patsy without the GOP lying about the ACA and stupid Right-wingers dumb enough to believe them.
Ah... so you don't understand. Well, I can explain it. It's fairly simple. Thanks to the ACA, insurance companies aren't allowed to write any new policies to replace those that don't meet the new minimum requirements. They can grandfather the old policies, so technically they could let people keep those, but they make a lot more money from the policies that do meet the new guidelines. So they're cancelling the old policies and people are then forced onto the more expensive policies.
They could have still tried the same thing, I suppose, without ACA, but competing companies would have been happy to write policies to replace those that were cancelled - scooping up their former customers. But with regulatory capture, other companies aren't allowed to do that. So they have us by the balls, thanks to Congress selling us out.
Does that clear things up?
Call it what you like. It wouldn't have happened without ACA.
What I find hard to believe is there is no insurance company offering compliant plans at a price competitive with the old plans.
The new plans have greater benefits. Why would you expect them to be the same price?
So I can accept your summary as quite accurate with one exception, I don't put the blame on Obama or ALL of Congress. I blame the insurance company greed and the GOP's pigheaded demand to eliminate rather than to improve the ACA.
I'm not a fan of the insurance companies, or the GOP. But they didn't pass ACA. The Democrats in Congress did that. If they hadn't done that, the insurance companies would be able to get away with this shit.
That's a hell of a blind spot you got there, but it's not helping. I'm sorry, I realize you really don't want to admit it. But they sold you down they river. Time to wake up and help us fix it.