SICK: Millions of Americans Losing Health Plans, Senate Dems To Back Delay, Obama’s Credibility Is Melting

While the Affordable Care Act was making its way through Congress in 2009 and 2010, President Obama famously promised the American people over and over again that if you like your health plan, you can keep it.

“Let me be exactly clear about what health care reform means to you,” Obama said at one rally in July 2009. “First of all, if you’ve got health insurance, you like your doctors, you like your plan, you can keep your doctor, you can keep your plan.  Nobody is talking about taking that away from you.”

But the president’s promise is turning out to be false for millions of Americans who have had their health insurance policies canceled because they don’t meet the requirements of the Affordable Care Act.

According to health policy expert Bob Laszewski, roughly 16 million Americans will lose their current plans because of Obamacare:

The U.S. individual health insurance market currently totals about 19 million people. Because the Obama administration’s regulations on grandfathering existing plans were so stringent about 85% of those, 16 million, are not grandfathered and must comply with Obamacare at their next renewal. The rules are very complex. For example, if you had an individual plan in March of 2010 when the law was passed and you only increased the deductible from $1,000 to $1,500 in the years since, your plan has lost its grandfather status and it will no longer be available to you when it would have renewed in 2014.

These 16 million people are now receiving letters from their carriers saying they are losing their current coverage and must re-enroll in order to avoid a break in coverage and comply with the new health law’s benefit mandates––the vast majority by January 1. Most of these will be seeing some pretty big rate increases.

http://www.weeklystandard.com/blogs/millions-americans-are-losing-their-health-plans-because-obamacare_764602.html

Henninger: Obama’s Credibility Is Melting

Here and abroad, Obama’s partners are concluding they cannot trust him.

The collapse of ObamaCare is the tip of the iceberg for the magical Obama presidency.

Read more at  InvestmentWatchBlog.com:

http://investmentwatchblog.com/sick-millions-of-americans-losing-health-plans/#ymVXK2WO6BqLjpde.99