Reversal on ACA cancellations gets mixed response
Source: AP-Excite
By EMERY P. DALESIO
RALEIGH, N.C. (AP) - A month after President Barack Obama announced people could keep insurance policies slated for cancellation under the federal health overhaul, the reversal has gotten a mixed response from insurers, state regulators and consumers.
Many consumers complained in October and November after insurers notified them that their individual policies were being canceled because they did not cover pre-existing conditions, hospitalization, prescription drugs or seven other basic benefits required under the law. In pitching the overhaul, Obama had long promised that people who liked their policies could keep them.
Then Obama announced Nov. 14 that companies could continue existing policies that don't meet the minimum requirements if state regulators approved.
Reporting by The Associated Press shows that older policies are being allowed to continue in 36 states, either because officials allowed it after Obama's announcement, decided not to intervene in any way or had made a decision earlier in the year to extend non-compliant policies for a period of time.
FULL story at link.
Read more: http://apnews.excite.com/article/20131226/DAAUAHA83.html
Demeter
(85,373 posts)Go for Universal Single Payer: save time, money and lives!
Omaha Steve
(99,639 posts)We could have had single payer. Be glad we got this first step on the way to single payer accomplished!
OS
Demeter
(85,373 posts)The only way this is a first step is that it sends the economy over a fiscal cliff, and they HAVE to put in USP to save their asses.
Omaha Steve
(99,639 posts)And R's will say single payer is THEIR idea!
Demeter
(85,373 posts)1) economics
2) insurance
3)healthcare
Omaha Steve
(99,639 posts)Some people have health insurance for the first time. That is success. No more previous conditions, coverage of children until they are 26, etc... It is a win!
OS
Demeter
(85,373 posts)Getting HEALTH CARE is.
After spending thousands on insurance premiums, deductibles, and copays, these people will be no better off. Many will be worse off. And the Bankruptcies will continue.
Insurance is a lottery ticket--the only way you win is by losing your health.
JustABozoOnThisBus
(23,340 posts)And if you lose your health, you win. Financially. I'd prefer losing that lottery.
The only difference is Single-payer cuts out the Insurance Companies, so more money can go into actual health care.
Insurance company execs will fight it with huge donations to a corrupt Congress. Just like they did with Medicare Part D.
Demeter
(85,373 posts)and we all benefit from a healthy population.
christx30
(6,241 posts)is being forced to gamble. If you don't get sick, you lose. If you do get sick, as long as you happen to have the $5000 deductable, you get to collect your winnings. And by winnings, I mean you won't go bankrupt from medical bills.