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Most Health Insurance Policies in History Cancelled under ObamaCare

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Add another falsehood to those associated with The Affordable Care Act, or ObamaCare.

The Affordable Care Act, now the law of the land for over four years, was to provide more health insurance to more Americans and less cost.  Obama stated that, ““if you like your policy, you can keep it.”  Health insurance costs were to drop by an average of $2500.  

Put in there with all of the others now that companies could not cancel health insurance policies.

Writing in Forbes, Merrill Mathews, a resident scholar with the Institute for Policy Innovation. stated that, “The irony is more health insurance policies have been canceled under Obamacare than ever before.”

Matthews in his Forbes piece, “Remember when Obamacare Would STOP Health Insurers from Canceling Policies,”writes that Obama promised that, “Insurance companies will be required to renew any policy as long as the policyholder pays their premium in full. Insurance companies won’t be allowed to refuse renewal because someone became sick.”

But that turned out not to be the case in the real world where The Affordable Care Act is falling short but the American consumer has to exist.

“So while trying to stop health insurers from canceling policies that couldn’t be canceled anyway, Obamacare initiated widespread policy cancellations.  The first wave came last year, as estimates of perhaps 4.7 million policies were canceled.  Now the next wave is hitting.  Virginia has said that some 250,000 policyholders could see their policies canceled.  The Denver Post says about 6,150 policies have been canceled in Colorado this year,” Matthews notes.

He concludes by warning that, “The result is that there will be many more cancellations, but the notices will emerge in drips and drabs and likely won’t get as many headlines as the first round received.  But this whole boondoggle underscores—as if the public needed more proof—that the president and his enablers decided to remake one-sixth of the U.S. economy without having a clue as to what they were doing.”

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