27 Oct 2013, 8:41 AM PDT post a comment
Florida Blue CEO Patrick Geraghty on NBC"s "Meet the Press"
“We’re not cutting people, We’re actually transitioning people. What we’ve been doing is informing folks that their plan doesn’t meet the test of the essential health benefits; therefore, they have a choice of many options that we make available through the exchange. And, in fact, with subsidy, many people will be getting better plans at a lesser cost. This really is a transition. In fact, the 300,000 figure is the entire year. So it’s really 40,000 people for January 1, and we’re walking them through that transition.”
video at link