We’ve been warning you about this problem for nearly a year, but today’s Politico gives the lie to President Obama’s promise that his health care bill will let you keep the coverage you have.
If you have a low premium, low cost insurance plan, you are going to lose your coverage and be forced into a much higher-cost plan. The Politico piece specifically finds this problem in the mini-med market, where as many as 1 million people will lose their coverage under Obamacare.
Depending on how strictly the administration implements the provision, the ban could in effect outlaw the plans or make them so restrictive that insurance companies would raise rates to the point they become unaffordable.
Mini-meds aren’t the only ones in danger. People with low-cost high-deductible plans (including myself) will probably also be forced into high-cost plans. It’s impossible to know how bad the damage will be because the Obamacare law gives so much discretion over the changes to the Secretary of Health and Human Services.
