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<blockquote data-quote="moreluck" data-source="post: 1215739" data-attributes="member: 1246"><p><span style="color: #000000"><span style="font-family: 'Calibri'"></span></span></p><p><span style="color: #000000"><span style="font-family: 'Calibri'"></span></span></p><p><span style="color: #000000"><span style="font-family: 'Calibri'">[h=1]<span style="font-family: 'Times New Roman'">Most individual health policies to be cancelled </span></span></span></p><p><span style="color: #000000"><span style="font-family: 'Calibri'"><span style="font-family: 'Times New Roman'">under Obamacare: report</span>[/h]</span></span></p><p><span style="color: #000000"><span style="font-family: 'Calibri'"><span style="font-family: 'Times New Roman'">October 28, 2013, 7:58 </span></span></span></p><p><span style="color: #000000"><span style="font-family: 'Calibri'"><span style="font-family: 'Times New Roman'">PM</span></span></span></p><p><span style="color: #000000"><span style="font-family: 'Calibri'"></span></span></p><p><span style="color: #000000"><span style="font-family: 'Calibri'"></span></span></p><p><span style="color: #000000"><span style="font-family: 'Calibri'"></span></span></p><p><span style="color: #000000"><span style="font-family: 'Calibri'"></span></span></p><p><span style="color: #000000"><span style="font-family: 'Calibri'">[h=3]<span style="font-family: 'Times New Roman'">By Russ Britt</span>[/h]</span></span></p><p><span style="color: #000000"><span style="font-family: 'Calibri'"><span style="font-family: 'Times New Roman'">NBC News is reporting that the majority of those </span></span></span></p><p><span style="color: #000000"><span style="font-family: 'Calibri'"><span style="font-family: 'Times New Roman'">who purchase their insurance on the individual market will see their policies </span></span></span></p><p><span style="color: #000000"><span style="font-family: 'Calibri'"><span style="font-family: 'Times New Roman'">cancelled, and that the Obama administration has known for at least three years </span></span></span></p><p><span style="color: #000000"><span style="font-family: 'Calibri'"><span style="font-family: 'Times New Roman'">that would happen.</span></span></span></p><p style="text-align: left"><span style="color: #000000"><span style="font-family: 'Calibri'"></p></span></span></p><p style="text-align: left"><span style="color: #000000"><span style="font-family: 'Calibri'"><img src="http://s.wsj.net/public/resources/MWimages/MW-BM616_Retire_MD_20131006172908.jpg" alt="" class="fr-fic fr-dii fr-draggable " style="" /> </p></span></span></p><p style="text-align: left"><span style="color: #000000"><span style="font-family: 'Calibri'"><span style="font-family: 'Times New Roman'">Shutterstock</span></p><p></span></span></p><p><span style="color: #000000"><span style="font-family: 'Calibri'"><a href="http://investigations.nbcnews.com/_news/2013/10/28/21213547-obama-admin-knew-millions-could-not-keep-their-health-insurance?lite" target="_blank"><span style="font-family: 'Times New Roman'">A story just published on the </span></a></span></span></p><p><span style="color: #000000"><span style="font-family: 'Calibri'"><a href="http://investigations.nbcnews.com/_news/2013/10/28/21213547-obama-admin-knew-millions-could-not-keep-their-health-insurance?lite" target="_blank"><span style="font-family: 'Times New Roman'">network’s web site</span></a><span style="font-family: 'Times New Roman'"> says that although </span></span></span></p><p><span style="color: #000000"><span style="font-family: 'Calibri'"><span style="font-family: 'Times New Roman'">President Obama assured Americans that they could keep their health policies if </span></span></span></p><p><span style="color: #000000"><span style="font-family: 'Calibri'"><span style="font-family: 'Times New Roman'">they so desired, 50% to 75% of 14 million Americans under individual policies </span></span></span></p><p><span style="color: #000000"><span style="font-family: 'Calibri'"><span style="font-family: 'Times New Roman'">will get a cancellation letter because their plan is not in compliance with new </span></span></span></p><p><span style="color: #000000"><span style="font-family: 'Calibri'"><span style="font-family: 'Times New Roman'">rules governing coverage.</span></span></span></p><p><span style="color: #000000"><span style="font-family: 'Calibri'"></span></span></p><p><span style="color: #000000"><span style="font-family: 'Calibri'"><span style="font-family: 'Times New Roman'">Further, many are experiencing sticker shock </span></span></span></p><p><span style="color: #000000"><span style="font-family: 'Calibri'"><span style="font-family: 'Times New Roman'">over the premiums that will be charged on their new policies. The story goes on </span></span></span></p><p><span style="color: #000000"><span style="font-family: 'Calibri'"><span style="font-family: 'Times New Roman'">to quote a number of insurance experts, who say the 50% to 75% figure is </span></span></span></p><p><span style="color: #000000"><span style="font-family: 'Calibri'"><span style="font-family: 'Times New Roman'">accurate. That puts the number of those forced to shift to new policies at </span></span></span></p><p><span style="color: #000000"><span style="font-family: 'Calibri'"><span style="font-family: 'Times New Roman'">roughly 7 million to 10.5 million.</span></span></span></p><p><span style="color: #000000"><span style="font-family: 'Calibri'"></span></span></p><p><span style="color: #000000"><span style="font-family: 'Calibri'"><span style="font-family: 'Times New Roman'">The law as passed in March 2010 was supposed to </span></span></span></p><p><span style="color: #000000"><span style="font-family: 'Calibri'"><span style="font-family: 'Times New Roman'">grandfather in existing policies, even if they weren’t in compliance with the </span></span></span></p><p><span style="color: #000000"><span style="font-family: 'Calibri'"><span style="font-family: 'Times New Roman'">law. In July of that year, though, the Department of Health and Human Services </span></span></span></p><p><span style="color: #000000"><span style="font-family: 'Calibri'"><span style="font-family: 'Times New Roman'">rewrote some of the regulations, saying that if any significant part of the </span></span></span></p><p><span style="color: #000000"><span style="font-family: 'Calibri'"><span style="font-family: 'Times New Roman'">policy was altered, it could not be grandfathered.</span></span></span></p><p><span style="color: #000000"><span style="font-family: 'Calibri'"></span></span></p><p><span style="color: #000000"><span style="font-family: 'Calibri'"><span style="font-family: 'Times New Roman'">In response, the White House doesn’t dispute the </span></span></span></p><p><span style="color: #000000"><span style="font-family: 'Calibri'"><span style="font-family: 'Times New Roman'">findings, but it is quoted by the story as saying that individual policy holders </span></span></span></p><p><span style="color: #000000"><span style="font-family: 'Calibri'"><span style="font-family: 'Times New Roman'">will, for the most part, receive better coverage that is more affordable, thanks </span></span></span></p><p><span style="color: #000000"><span style="font-family: 'Calibri'"><span style="font-family: 'Times New Roman'">to subsidies. They add there is no chance the policy can be cancelled due to </span></span></span></p><p><span style="color: #000000"><span style="font-family: 'Calibri'"><span style="font-family: 'Times New Roman'">pre-existing conditions, which can often be the case with current health </span></span></span></p><p><span style="color: #000000"><span style="font-family: 'Calibri'"><span style="font-family: 'Times New Roman'">plans.</span></span></span></p><p><span style="color: #000000"><span style="font-family: 'Calibri'"></span></span></p><p><span style="color: #000000"><span style="font-family: 'Calibri'"></span></span></p><p><span style="color: #000000"><span style="font-family: 'Calibri'"></span></span></p></blockquote><p></p>
[QUOTE="moreluck, post: 1215739, member: 1246"] [COLOR=#000000][FONT="Calibri"] [h=1][FONT=Times New Roman]Most individual health policies to be cancelled under Obamacare: report[/FONT][/h] [FONT=Times New Roman]October 28, 2013, 7:58 PM[/FONT] [h=3][FONT=Times New Roman]By Russ Britt[/FONT][/h] [FONT=Times New Roman]NBC News is reporting that the majority of those who purchase their insurance on the individual market will see their policies cancelled, and that the Obama administration has known for at least three years that would happen.[/FONT] [LEFT] [IMG]http://s.wsj.net/public/resources/MWimages/MW-BM616_Retire_MD_20131006172908.jpg[/IMG] [FONT=Times New Roman]Shutterstock[/FONT][/LEFT] [URL="http://investigations.nbcnews.com/_news/2013/10/28/21213547-obama-admin-knew-millions-could-not-keep-their-health-insurance?lite"][FONT=Times New Roman]A story just published on the network’s web site[/FONT][/URL][FONT=Times New Roman] says that although President Obama assured Americans that they could keep their health policies if they so desired, 50% to 75% of 14 million Americans under individual policies will get a cancellation letter because their plan is not in compliance with new rules governing coverage.[/FONT] [FONT=Times New Roman]Further, many are experiencing sticker shock over the premiums that will be charged on their new policies. The story goes on to quote a number of insurance experts, who say the 50% to 75% figure is accurate. That puts the number of those forced to shift to new policies at roughly 7 million to 10.5 million.[/FONT] [FONT=Times New Roman]The law as passed in March 2010 was supposed to grandfather in existing policies, even if they weren’t in compliance with the law. In July of that year, though, the Department of Health and Human Services rewrote some of the regulations, saying that if any significant part of the policy was altered, it could not be grandfathered.[/FONT] [FONT=Times New Roman]In response, the White House doesn’t dispute the findings, but it is quoted by the story as saying that individual policy holders will, for the most part, receive better coverage that is more affordable, thanks to subsidies. They add there is no chance the policy can be cancelled due to pre-existing conditions, which can often be the case with current health plans.[/FONT] [/FONT][/COLOR] [/QUOTE]
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