The Conversation

NBC: Administration Knew Most People Would Not Be Able to Keep Their Plans

A new report by NBC News confirms that the administration knew President Obama's oft-uttered promise "If you like your plan, you can keep your plan" would not prove true for millions of Americans:

Four sources deeply involved in the Affordable Care Act tell NBC NEWS that 50 to 75 percent of the 14 million consumers who buy their insurance individually can expect to receive a “cancellation” letter or the equivalent over the next year because their existing policies don’t meet the standards mandated by the new health care law. One expert predicts that number could reach as high as 80 percent. And all say that many of those forced to buy pricier new policies will experience “sticker shock.”

[...]

the administration knew that more than 40 to 67 percent of those in the individual market would not be able to keep their plans, even if they liked them. 

Yet President Obama, who had promised in 2009, “if you like your health plan, you will be able to keep your health plan,” was still saying in 2012, “If [you] already have health insurance, you will keep your health insurance.”

“This says that when they made the promise, they knew half the people in this market outright couldn’t keep what they had and then they wrote the rules so that others couldn’t make it either,” said  Robert Laszewski, of Health Policy and Strategy Associates, a consultant who works for health industry firms. Laszewski estimates that 80 percent of those in the individual market will not be able to keep their current policies and will have to buy insurance that meets requirements of the new law, which generally requires a richer package of benefits than most policies today.

If the 80 percent figure is correct then approximately 11 million people will lose their current plans and have no choice but to purchase the new government approved plans. This figure does not include the 7 million or so who could be dumped off their employer plans as a result of the reform.


advertisement

Send A Tip

Breitbart Video Picks

advertisement

advertisement

From Our Partners