Over a Million Americans to Lose ObamaCare Coverage Next Year
Published: October 18, 2016
More than one million Americans are going to lose their ObamaCare exchange plans next year, and many will have to settle for more expensive and less generous coverage. That could result in a drop in enrollment for the first time since the exchanges opened — hardly the sort of success story ObamaCare proponents envisioned back in 2010.
According to a Bloomberg analysis of state exchange data, in 2017 “at least 1.4 million people in 32 states will lose the Obamacare plan they have now,” and they will have to buy new plans in order to avoid paying the individual-mandate penalty.
Some observers believe the number of people who will have to find new coverage is even higher. Charles Gaba of ACASignups.net estimates that about 2 million will be forced to shop around for another plan next year after losing either exchange or co-op coverage. (Five co-ops have gone under this year, leaving just six of the original 23 still operative.)
http://www.blacklistednews.com/Over_a_Million_Americans_to_Lose_ObamaCare_Coverage_Next_Year/54741/0/38/38/Y/M.html
