Barack Hussein Obama

Oh Not Again! 400,000 Americans Enrolled In Obamacare Need To Find A New Plan

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For the second time under Obamacare, a substantial number of enrollees are being kicked off their current health plans.

The Patient Protection and Affordable Care Act, which you probably know best as Obamacare, has been a controversial law since the get-go.

Despite its controversy, the law has enrolled nearly 10 million paying customers as of June, according to the Centers for Medicare and Medicaid Services. Additionally, the 30 states that expanded Medicaid coverage can account for millions of low-income Americans who are now covered, perhaps for the first time ever.

The debate overshadows the results
However, instead of the enrollment figures, controversy continues to define this health reform law. First it was the technical glitches that lasted for two full months during the first enrollment period and prevented millions of Americans from enrolling in Obamacare. Then it was Supreme Court cases that helped define whether or not Obamacare violated certain aspects of the constitution. Now one particular controversy has yet again reared its ugly head: millions of Americans being unable to keep health plans that they like.

President Obama once said regarding Obamacare, “If you like your healthcare plan, you can keep it.” This turned out to be not entirely true, as the enhanced benefit requirements of health plans on Obamacare exchanges meant that some inexpensive health plans purchased prior to the implementation of Obamacare would no longer be valid. Further, some insurers simply found the cost of making their plans compliant too high and wound up abandoning them altogether. In total, some 6 million people lost their policies and were required to seek out new plans (and potentially new primary care physicians), according to comments made by the now-former House of Representatives Speaker John Boehner (R-Ohio).

Now it looks as if the same process could be repeating itself all over again — although, thankfully, on a much smaller scale.

Why 400,000 Americans are set to lose their health plan
As first reported by Forbes, some 400,000 Americans are set to lose their insurance by the end of 2015 as five major cooperatives, including the two largest in the country, wind down their operations. This includes the Kentucky Health Cooperative (with 51,000 members), the Health Republic Insurance of New York (the largest co-op with more than 150,000 members), the Louisiana Health Cooperative, the Nevada Health Co-Op, and CoOportunity Health in Nebraska and Iowa. In total, of 23 operating co-ops in the country, just one has been profitable thus far this year!

Healthcare cooperatives, or co-ops for short, are nonprofit organizations run by the people, for the people. Yeah, I know that sounds a bit cliche, but the idea behind creating healthcare co-ops is to provide new alternatives to health insurance in a number of states and locales in order to keep pricing competitive and ensure that as many consumers as possible have an opportunity to purchase affordable health insurance. But based on Forbes‘ data, it looks as if the co-op experiment under Obamacare has been an abysmal failure thus far. More

HT: Allen West Republic

 

 

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