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Florida Blue is Canceling 80% of it’s Individual State Health Policies!

October 30, 2013 By Richard C. Young

Any politician who had anything at all to do with foisting this Obamacare monster on the the American people must be disposed of in the mid-term elections. No ifs, no ands, no buts. Cato Institute’s Michael Tanner offers all the proof you need.

For example, there’s the problem with keeping your current insurance. Despite presidential promises to the contrary — promises that, according to NBC News, the president knew were untrue — millions of Americans are finding out that, even if they like the plans they have now, they are being kicked off because those plans do not meet the requirements of Obamacare.

Florida Blue, for example, is canceling nearly 300,000 policies, about 80 percent of its individual policies in the state. Kaiser Permanente in California has sent notices to 160,000 people — about half of its individual business in the state. Highmark in Pittsburgh is dropping about 20 percent of its individual-market customers, while Independence Blue Cross, the major insurer in Philadelphia, is dropping about 45 percent. That makes for more than 500,000 people losing their insurance policies in just three states.

In fact, roughly half of the 14 million people who buy insurance on the individual market are likely to lose their current insurance, according to Gerry Kominski, director of UCLA’s Center for Health Policy Research. And while most will be shifted to other policies, those new policies are likely to be more expensive.

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Richard C. Young
Richard C. Young is the editor of Young's World Money Forecast, and a contributing editor to both Richardcyoung.com and Youngresearch.com.
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