Posted on 11/14/2013 2:37:13 PM PST by Rusty0604
Washington, DC – America’s Health Insurance Plans’ (AHIP) President and CEO Karen Ignagni released the following statement on today’s announcement by the administration related to policy cancellations:
“Making sure consumers have secure, affordable coverage is health plans' top priority. The only reason consumers are getting notices about their current coverage changing is because the ACA requires all policies to cover a broad range of benefits that go beyond what many people choose to purchase today.
“Changing the rules after health plans have already met the requirements of the law could destabilize the market and result in higher premiums for consumers. Premiums have already been set for next year based on an assumption of when consumers will be transitioning to the new marketplace. If due to these changes fewer younger and healthier people choose to purchase coverage in the exchange, premiums will increase in the marketplace and there will be fewer choices for consumers. Additional steps must be taken to stabilize the marketplace and mitigate the adverse impact on consumers.”
Translation: BIG price increases coming!
How do you re-issue a cancelled policy where the plan no longer exists? If you do and don’t add in the mandated new coverages the policy is still illegal to sell and you could get sued if you don’t cover that sex change or whatever... Der Fuhrers pronouncement doesn’t give you any shield.
Chaos is good for the plan ,, it just kills the insurers quicker and makes single payer with government control of all healthcare inevitable.
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