Tuesday, October 29, 2013

Obama administration knew millions would lose Healthcare due to Obamacare

"If you like your current healthcare plan you will be able to keep it.  Let me repeat that.  If you like your current plan you can keep it."  Famous words from President Barack Obama.

His response to the fact that so many Republicans were saying otherwise.  Many Republicans were saying repeatedly that millions would be terminated from their current insurance plans.

Well it seems that the Republicans were correct.  Now it comes out that President Obama and the administration actually new this was true and that millions would be dropped from their coverage.  So simply put.  President Obama knowingly lied.  And did is several times. 

Surprise.  More useless words from Obama.

A study released yesterday stated that of the 14 million Americans that buy their health insurance individually over 50% will receive cancellation letters.  Over 7 million Americans right there will lose their insurance due to Obamacare.  That doesn't include any of the hundreds of thousands who will see their employer healthplan eliminated.

Robert Laszewski, of Health Policy and Strategy Associates, a consultant who works for health industry firms. Laszewski estimates that 80% of those in the individual market will not be able to keep their current policies and will have to buy insurance that meets requirements of the new law, which generally requires a richer package of benefits than most policies today.

For months, Laszewski has warned that some consumers will face sticker shock. He recently got his own notice that he and his wife cannot keep their current policy, which he described as one of the best, so-called "Cadillac" plans offered for 2013. Now, he said, the best comparable plan he found for 2014 has a smaller doctor network, larger out-of-pocket costs, and a 66% premium increase.

“Mr. President, I like the coverage I have," Laszweski said. "It is the best health insurance policy you can buy."

George Schwab, 62, of North Carolina, said he was "perfectly happy" with his plan from Blue Cross Blue Shield, which also insured his wife for a $228 monthly premium. But this past September, he was surprised to receive a letter saying his policy was no longer available. The "comparable" plan the insurance company offered him carried a $1,208 monthly premium and a $5,500 deductible.  And the best option he’s found on the exchange so far offered a 415% jump in premium, to $948 a month.

"The deductible is less," he said, "But the plan doesn't meet my needs. Its unaffordable. I'm sitting here looking at this, thinking we ought to just pay the fine and just get insurance when we're sick," Schwab added. "Everybody's worried about whether the website works or not, but that's fixable. That's just the tip of the iceberg. This stuff isn't fixable."

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