ObamaCare Wipes Out Insurance Plans in Three States
CNN reports that thanks to ObamaCare Virginia, Kentucky, and Idaho alone are wiping out hundreds of thousands of individual health insurance plans. Just in Kentucky, 300,000 are expected to lose the insurance President Obama repeatedly reassured them over four years they could keep:
Virginia, Kentucky and Idaho have told insurance companies that they must scrap insurance plans that don't meet the minimum coverage requirements laid out in the Affordable Care Act. Some states allow insurers to amend their current plans to include the new benefits, such as maternity care and prescription drug coverage, required under Obamacare.
But these three states have determined that with so many changes required under Obamacare, it's easier to start over than to try to bring existing plans into compliance.
Ronda Sloan, a spokeswoman for the Kentucky Department of Insurance, explained the policy this way: "In this case, you're talking about an entirely new product. They had to file a completely new policy. ... It was easier just to start from scratch."
That means that about half of the roughly 600,000 people in Kentucky's private insurance market will have their current insurance plans discontinued by the end of next year. Private insurance only makes up part of the state's insurance market, which also includes employer-based coverage, and Medicare and Medicaid.
One point missing in the CNN article is that millions are not only losing their insurance, they are also losing their insurance because the government is forcing them to buy coverage they do not need. For example, ObamaCare forces single men and people long past parenting age to purchase maternity care. On top of that, we must all own coverage for pediatric services and treatment for drug, alcohol, and mental health issues.Let us not forget that the world might look a whole lot different today had the mainstream media listened to conservative writers and think tanks who warned that this would happen.
Instead, the media fact-checked us as liars and racists. But now that it is too late, and millions have already lost the insurance Obama promised them they could keep, the media are all over it.