By now I am sure most who pay any attention regarding Healthcare have heard this. What doesn’t add up is it is NBC news that caught this. Every Hospital, every insurance company scans the Federal Register where all of the new “Rules” come out, each and every day. One needs to think on this one. Why now is it coming out? Why didn’t the insurance companies pick this up? Who are the double dealers. Still a puzzle is why the Hospital Association supported this. The Healthcare CEO in my company warned of the coming debacle. It was clear to all of us. Little reported are the tens of thousands being laid off in Healthcare. Medicaid and Medicare reimbursements don’t begin to cover the cost of care. It was always the private insurance patients that covered the loss. The most unreported story of the day. Government owned Hospitals next. So, with that, here we go:
By Lisa Myers and Hannah Rappleye NBC News
President Obama repeatedly assured Americans that after the Affordable Care Act became law, people who liked their health insurance would be able to keep it. But millions of Americans are getting or are about to get cancellation letters for their health insurance under Obamacare, say experts, and the Obama administration has known that for at least three years.
This story has been republished here
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.”
Full story at NBC News