In a blockbuster report on Monday, sources told NBC News that at least half to three quarters of those who buy individual insurance will have that insurance cancelled by their insurers over the next year thanks to changes mandated by Obamacare. A huge number of the people forced off their current insurance will have “sticker shock,” the sources said. What’s more, President Obama knew all that even as he campaigned on the promise that if you liked your insurance, you could keep it: “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.”
Robert Laszewski of Health Policy and Strategy Associates has been a supporter of Obamacare, but stated, “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.” On Monday, White House spokesperson Jessica Santillo said that people might have to pay more for insurance, but that their insurance would be better: “One of the main goals of the law is to ensure that people have insurance they can rely on – that doesn’t discriminate or charge more based on pre-existing conditions. The consumers who are getting notices are in plans that do not provide all these protections – but in the vast majority of cases, those same insurers will automatically shift their enrollees to a plan that provides new consumer protections and, for nearly half of individual market enrollees, discounts through premium tax credits.”
