Obamacare wipes out more than 1 million plans
What is really funny is how liberals are out there saying it is saving money and costs less.
Check it out:
Owners of individual health-insurance policies already have received more than 1 million cancellation notices, according to a compilation of news reports.
But the pain likely won’t end there.
Health-policy expert Bob Laszewski has concluded that about 16 million Americans will lose their current plans because of Obamacare.
Laszewski explained that about 19 million Americans are in the individual health insurance market.
“Because the Obama administration’s regulations on grandfathering existing plans were so stringent about 85 percent of those, 16 million, are not grandfathered and must comply with Obamacare at their next renewal,” he said.
The 16 million, he said, will receive letters from their carriers saying they are losing their current coverage and must re-enroll to avoid a break in coverage.