Saturday, October 26, 2013

500,000 Californians Lose Health Policies

Those canceled policies will have to be replaced with Obamacare-approved insurance... - Wesley J. Smith/National Review
Half a milllion Californians could lose their health care under Obamacare next year - Debra J. Saunders/Token Conservative/SF Chronicle

This Kaiser Health News story has been reverberating across the Internet because it starts to put together the numbers of private health-plan insureds who are receiving cancellations. (This is a small group of Californians; a majority get their health care through employer plans, Medicare or MediCal....

On Forbes’ Avik Roy’s blog, Josh Archambault crunched the numbers and concluded, “More Americans in 3 States Have Had Their Insurance Canceled Under Obamacare than have filed an exchange account in all 50.”

...California Association of Health Plans president Pat Johnston told me that by law providers must cancel non-grandfathered individual policies. (It is my understanding some folks will lose their coverage at year’s end, others might be able to extend into 2014 through the end of a covered year.) This probably means premiums hikes for people who “not only were they healthy, they also probably were very savvy shoppers.” This is a small corner of the insurance market; others may well save money under the Affordable Care Act. But for the people kicked off their individual California plans, Johnston said, it may well be that ”if you’re outside that subsidy range, you’re on your own.”