More Proof You Can't Keep Your Coverage Under ObamaCare

Published 12/12/11

Do you remember when President Obama said this?



“Let me be exactly clear about what health care reform means to you. First of all, if you’ve got health insurance, you like your doctors, you like your plan, you can keep your doctor, you can keep your plan. Nobody is talking about taking that away from you.”

Of course you remember.

You probably also remember that, since the passage of the Patient Protection and Affordable Care Act, we've learned that 12% of employer health insurance plans have been or will be eliminated. And, we've learned that at least 30% of companies say they will "definitely or probably" stop offering their employer-sponsored coverage, with anywhere from 50% to 60% of employers expecting to consider making some kind of change under ObamaCare.

And, now, thanks to a new rule issued by the Department of Health & Human Services, people with low-cost, high-deductible health care plans and health savings accounts could be the next group that is unable to keep their health care no matter how much they may like it.

According to Investors Business Daily,
 

"Starting in 2012, ObamaCare requires insurers in the individual or small group (small business) market to spend at least 80% of premiums on medical costs, leaving 20% for salaries, advertising, fraud prevention, profit, etc. ... The MLR regulation only counts payments made directly by insurers as medical expenses. Health care costs paid by individuals below the deductible don't qualify, making it hard for such plans to meet the 80% MLR."

Rather than trying to cope with ObamaCare's draconian rules and labyrinth of regulations, most insurers are likely to drop these low-cost health care policies. That means the most affordable health care policies available on the market would disappear, another victim of ObamaCare's reign of havoc.

That's 11.4 million more people who can't keep their health care under ObamaCare.

This is just another reason why we continue the fight to completely undo ObamaCare and replace it with patient-centered health care reforms that put important decisions in the hands of doctors and patients and not government bureaucrats, and expand choices in the health care market instead of limiting them.

 

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