Calif. Insurance Commissioner: More Than 1M Californians Having Insurance Cancelled Due To ACA

[Cincinnatus]

More than 1 million cancellation notices have been sent to Californians as the Affordable Care Act begins allowing individuals to buy insurance through exchanges, Jones said. The federal law requires policies to offer minimum levels of coverage, forcing companies to terminate many existing plans. But Jones said that under the law, insurers have another year to do so.

In an interview with NBC News, President Barack Obama apologized for previously pledging that Americans would get to keep their health plan under Obamacare, despite millions receiving cancellation notices.

http://sacramento.cbslocal.com/2013/11/12/calif-insurance-commissioner-more-than-1m-californians-having-insurance-cancelled-due-to-obamacare/