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Obamacare Threatens Additional Health Plans
October 29, 2010
I realize you all may be tired of the many, many Obamacare blog posts but, hey, I promised I’d keep you apprised of developments! And sadly, there is further evidence that the health care overhaul could cause you to lose your current coverage.
The non-partisan National Association of Insurance Commissioners (NAIC) sent a letter to Health and Human Services warning the agency of potential “unintended consequences” (yes, I know you’ve heard that term once or twice before) from Obamacare. More specifically, NAIC cited concerns over “insurance markets where consumer choice is limited and the solvency of insurers is undermined.” The NAIC also wrote that “those who lose coverage may be unable to find or afford other coverage.” We appreciate the House Ways and Means Committee Republican staff for bringing this letter to our attention.
While the NAIC-specific health care provision does not go into effect until next year, thousands of Americans are already starting to lose their insurance. We’ve touched on specific groups already, but here are a few additions, courtesy of the House Ways and Means Republicans:
I hope this information helps you stay informed. Make sure your elected officials are aware of Obamacare’s unintended consequences, and hold them accountable at the polls this Tuesday, November 2.
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