With millions of Americans losing their health insurance because of Obamacare, bills have been introduced in Congress to let people keep their plans.
But health industry consultant Bob Laszewski says it’s too late for these measures to help Americans losing their policies on January 1. If Congress and the president agreed to a new law, insurance companies would still need time to re-open canceled plans, state insurance commissioners would have to expedite the approval of those plans (a process that usually takes months), and Americans would need time to choose to sign up for their old plan or hold out for a subsidized Obamacare plan. “You’ve got to have a process where [insurers] send them a letter, and you have to work with their questions, and they have to affirmatively sign up for left or right,” Laszewski tells THE WEEKLY STANDARD. “You’re not going to do that in six weeks.”
