According to NBC, Nearly half a million insurance cancellation letters are going out all across America telling consumers their plans are being terminated because they don’t meet Obamacare standards!
Florida Blue is cancelling 80 percent of its individual polices in the Sunshine state – that means 300,000 people will not be keeping their policies like Obama promised.
The CA insurer, Kaiser Permanente, is terminating 160,000 individual policies.
NBC News reports, “Consumer advocates say such cancellations raise concerns that companies may be targeting their most costly enrollees.”
That means people who are really sick, but happy with their current doctor and current care package are being told they have to find new insurance providers.
The aforementioned insurance companies are sending patients into Obamacare whose medicines and hospital stays will cost them even more under new government regulations.
Even Liberals who are shopping on the exchanges are surprised by sticker shock too, given that the President said this plan was going to be so affordable!
The government is mandating that insurance companies provide more coverage for more services than ever before and monitoring compliance.
That means patients will be the ones suffering because, in order to maintain profits and corporate functionality, the insurance companies have to pass the price hikes for government-mandated increased coverage on to clients in the form of higher co-pays!