Posted on 11/03/2013 4:10:01 AM PST by GonzoII
Edited on 11/03/2013 4:40:01 AM PST by Admin Moderator. [history]
Nearly 26,000 New Mexicans are having health plans terminated at the end of the year because the insurance policies fail to provide expanded benefits and other coverage mandated by a federal health care law, according to insurance industry officials.
State Insurance Superintendent John Franchini estimates most of those individual policyholders will pay an average of 35 percent more for new coverage, but will have plans with more health care benefits.
(Excerpt) Read more at miamiherald.com ...
Good observation.
that’s ok 15 million illegal Mexicans will get free obamacare courtesy of taxpayer subsidies...
Excessive, unnecessary, "one fits all" coverage such as maternity care for men, or juvenile dental and vision for adults.
The plans contains such high deductibles and co-pays that it should be called catastrophic co-insurance coverage.
What if those people can’t afford a policy that costs 35 percent more? There is a deeper level of hell for insurance agents who have conspired with Obama’s government to bring this nightmare upon us.
“”insurance policies fail to provide expanded benefits and other coverage mandated by a federal health care law,””
I’ve followed this from the beginning and have grown very sick and tired of it but I can’t figure out why insurance companies hadn’t already provided for the new law in their plans. What have they been doing since the law was passed and signed? NOTHING?
I can understand some insureds not understanding their policies didn’t meet the new law but what excuse do the companies have? I’ve ceased trying to understand anything to do with this crooked administration but this just boggles my mind.
That was real coffee spew!
Good for the goose......
The insurance companies knew this was coming.
The question is...as an insured, do you want your rates to go up anywhere from 40%-300% as soon as possible, or at the last possible minute?
The reason these new policies are mandatory is that no one will voluntarily buy them.
According to a report by the Washington Post that analyzed the failure, the insurance companies weren't advised of the final standards for Obamacare-compliant policies until July of this year -- four months before the start-up.
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