Report: At Least 3.5 Million People Have Received Health Insurance Cancellation Notices
by Elizabeth Sheld 4 Nov 2013, 5:12 AM PDT
At least 3.5 million Americans have received notice that thier health insurance policies have been cancelled. Associated Press reported the finding, and caveated the number by adding that data is unavailable in half the states.
The administration is claiming that these people aren't "cancelled" but rather " 'transitioned' or 'migrated' to better plans because their current coverage doesn't meet minimum standards." There was no word if these people with cancelled policies were unhappy with their existing health insurance situation.
During a speech at Faneuil Hall this last week, Obama claimed this problem was only limited to 5%of the population "who've got cut-rate plans that don't offer real financial protection in the event of a serious illness or an accident."
Reports have flooded the media with people who were kicked off their insurance plans, only to find their options were more expensive, with less coverage and much higher deductibles.
"We feel like we're being punished for doing the right thing," said Ian Hodges of Lancaster, PA who just received a cancellation notice.
Their policy may not have met the government's standards, "but it certainly met our minimum standards," Hodge added.