I’ve read in other posts that there is no way the government can force the insurance companies to reinstate those canceled plans. If they are thinking about subsidizing the insurance companies to cover this the price is going to wipe out the entire GDP. I so pray this goes down in flames and takes the entire progressive movement down with it - we can only hope.
Conventional wisdom is they can't do this because to get the money they would have to get it through the house....rutrow!!!
“If they are thinking about subsidizing the insurance companies to cover this the price is going to wipe out the entire GDP. “
And you think the media can’t get enough voters to do just that...
Because the voters are too smart?
Because the voters don’t want ‘free stuff’?
Because the media wouldn’t lie?
The only way I can see to pay for Obamacare is to invade China and take all it’s wealth and enslave it’s peoples LOL!
NAIC STATEMENT ON PRESIDENT OBAMA'S ANNOUNCEMENT REGARDING ONE YEAR EXTENSION FOR EXISTING PLANS
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For three years, state insurance regulators have been working to adapt to the Affordable Care Act in a way that best meets the needs of consumers in each state. We have been particularly concerned about the way the reforms would impact premiums, the solvency of insurance companies, and the overall health of the marketplace. The NAIC has been clear from the beginning that allowing insurers to have different rules for different policies would be detrimental to the overall market and result in higher premiums.
We have expressed these concerns with the Administration and are concerned by the President’s announcement today that the federal government would use its “enforcement discretion” to delay enforcement of the ACA’s market reforms in 2014 for plans that are currently in effect. This decision continues different rules for different policies and threatens to undermine the new market, and may lead to higher premiums and market disruptions in 2014 and beyond.
In addition, it is unclear how, as a practical matter, the changes proposed today by the President can be put into effect. In many states, cancellation notices have already gone out to policyholders and rates and plans have already been approved for 2014. Changing the rules through administrative action at this late date creates uncertainty and may not address the underlying issues.