Obamacare Will Cancel 50,000 More Plans Before November
Photo Credit: GettyBy Sarah Hurtubise.
Tens of thousands more Obamacare cancellations are going to pile up over the next month, potentially putting pressure back on the health-care law in the weeks before the election.
Insurance companies across the country are slated to send close to 50,000 people cancellation notices before November, according to the Morning Consult. That includes at least 30,000 New Mexicans who will be kicked off their plans, the Albuquerque Journal reported Tuesday.
“We got together and said, ‘This would be the right time to make sure all the citizens in the state who had a plan that wasn’t ACA-compliant would have the opportunity to convert to one,” said New Mexico insurance superintendent John Franchini, apparently without any irony. The state decided in May not to extend plans not compliant with Obamacare past the end of 2014.
Another 14,000 people in Kentucky (mostly Humana customers) and 800 Moda customers in Alaska will receive cancellation letters by Oct. 1. Both states accepted three-year extensions of plans not compliant with Obamacare regulations, but top insurers are ending their plans early. It’s a financial boost for Obamacare exchange insurers (both Humana in Kentucky and Moda in Alaska offer exchange plans) to terminate their noncompliant plans.
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Barely a Third of Democrat Congressional Candidates Support Obamacare
By Christine Rousselle.
As we rapidly approach the one year anniversary of Obamacare’s implementation and the horrendous launch of HealthCare.gov, a new report from the Brookings Institution shows that Democrat candidates for Congress aren’t exactly embracing the law—in fact, most are avoiding it entirely.
Read more from this story HERE.
