Saturday, February 8, 2014

Is the Obama administration waving the white flag on canceled plans?

The Obama administration’s admission that it may extend the exemption for health insurance plans canceled due to Obamacare regulations could signal an end to the war on “junk plans.”
Conservative estimates from the Associated Press put the total of canceled plans at 4.7 million; in contrast, Obamacare exchanges across the country can only claim that 3 million Americans have selected private plans via online exchanges (actual enrollment could reportedly be even lower).
In response to growing outcry over the cancellations, the Obama administration issued an “administrative fix” in November to extend the plans — a move that was rejected by at least 22 states and several private insurance companies as well.
Obama’s original fix was slammed by some states and industry leaders as a last-minute attempt to mitigate the political repercussions of canceling plans, not a practical fix to help those without coverage. Obama’s order came just over a month before Obamacare went live; insurers had already canceled the plans, told customers they’d need new coverage and informed regulators of the changes. Widespread rejection of the plan fixated on it as a political move, not a practical solution.
Avalere CEO Dan Mendelson said Thursday that he’d had casual conservations with administration officials about a potential extension, soon to be seconded by Aetna CEO Mark Bertolini.
Department of Health and Human Services (HHS) spokeswoman Joanne Peters confirmed the reports, saying the Obama administration hasn’t yet made a decision about the millions of Americans whose preferred plans are not Affordable Care Act-compliant.
Via: Daily Caller

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