HHS: No, You Can’t Keep Your Insurance
President Barack Obama lied. NBC News says so.
In 2009, President Obama went around the country saying “if you like your health plan, you will be able to keep your health plan.” After Obamacare passed, he persisted: “If [you] already have health insurance, you will keep your health insurance.”
But in between, the Health and Human Services department gutted that guarantee.
“The law states that policies in effect as of March 23, 2010 will be ‘grandfathered,’ meaning consumers can keep those policies even though they don’t meet requirements of the new health care law,” reports NBC.
“But the Department of Health and Human Services then wrote regulations that narrowed that provision, by saying that if any part of a policy was significantly changed since that date – the deductible, co-pay, or benefits, for example – the policy would not be grandfathered.”
See the game? Obama can claim that so long as insurance companies freeze a plan in time, the consumer won’t be bothered. But change any part of a product – including making it cheaper – and the grandfather clause no longer applies.
In other words, insurance companies can either ignore their market’s price signals and lose money, or respond and get blamed for forfeiting their clients’ health plan.
The worse part: “[T]he administration knew that more than 40 to 67 percent of those in the individual market would not be able to keep their plans, even if they liked them.”
That’s because HHS put that estimate in a federal regulation in July 2010.
Looks like President Obama has about as much respect for the American people as he does for the rule of law: Zilch.