Posted on 11/05/2013 3:11:52 PM PST by george76
In June 2010, less than three months after Obamacare was signed into law, Health & Human Services released initial regulations regarding “grandfathering” of insurance plans, defining which types of existing plans could continue to exist without meeting the new law’s standards.
By HHS’s own admission, most of the 17 million people in the individual market would be forced into transitioning to new ACA-compliant plans “sooner rather than later.”
...
HHS regulations for individual insurance coverage ensured that relatively minor changes to these plans — for example, an increase in the deductible above a certain amount — would result in these plans losing grandfathered status. Whereas the regulations allowed businesses to swap out one insurance carrier for another, buyers in the individual insurance market could not even change plans with the same carrier without losing protected status.
...
most of the seventeen million people with individual coverage would lose their plans, whether they liked them or not .
(Excerpt) Read more at dailycaller.com ...
From this article, and I am not sure it all loaded, it appears as tho those of us with employer sponsored healthcare are not going to feel much pain? Corre t me if I am wrong. All I know for sure is I lost my affordable Cadillac plan shortly after obamadontcare was passed, and it has been less coverage for more money since.
But if the business mandate is so great, why delay it? Also, did they think they could absorb the hit of the so called 5% who bought individual plans?
Most employer sponsored healthcare got an one year waiver until after the 2014 election cycle ?
And that can only mean that it is bad for business? We will find out soon enough. Some one has to pay for all those who are unwilling to work to pay for themselves.
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