Tuesday, June 08, 2010

ObamaCare's First Victims to Emerge in September

"...You'll get to keep your plan...."

Well, actually, no. You WON'T get to keep your plan.

Part of the health care overhaul due to kick in this September could strip more than 1 million people of their insurance coverage, violating a key goal of President Barack Obama’s reforms.

Under the provision, insurance companies will no longer be able to apply broad annual caps on the amount of money they pay out on health policies. Employer groups say the ban could essentially wipe out a niche insurance market that many part-time workers and retail and restaurant employees have come to rely on.

This market’s limited-benefit plans, also called mini-med plans, are priced low because they can, among other things, restrict the number of covered doctor visits or impose a maximum on insurance payouts in a year. The plans are commonly offered by retail or restaurant companies to low-wage workers who cannot afford more expensive, comprehensive coverage...

And, as you recall, the "exchanges" are not yet operative, and won't be for quite some time.

Hello, No Care At All!!

Congratulations, TehWon, LightWorker, All Hail!!

1 comment:

Amy said...

Don't you think this is designed to make yet another crisis?

I mean, Kerry and Lieberman (I believe) are already proposing a national energy tax - hello, Cap-and-Tax Part Deux! - so what if this isn't designed to push lots of people out of insurance coverage and jobs so when those numbers explode, they've got another "crisis" that needs immediate legislative attention?

I trust nothing this administration does. Obama says it's sunny, I'm bringing my umbrella.