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Insurance executives tells committee that more will lose health insurance

Insurance executives tells committee that more will lose health insurance
Insurance executives tells committee that more will lose health insurance
(Photo by Joe Raedle/Getty Images)

Since Obamacare went into effect, millions of consumers began losing their health insurance plans but health insurance executives recently told Congress that millions more will lose their health plans at a hearing of the Energy & Commerce Committee, headed by Rep. Cory Gardner, (R-CO), Bob Unruh of WND reported on Thursday.

In November 2013, Townhall reported that the McClatchy Washington Bureau issued a report that said that as many as 69 percent of certain employer-based insurance plans would lose that protection, meaning as many as 41 million people could lose their plans even if they wanted to keep them and would be forced into other plans. Another 11 million who bought their own insurance also could lose their plans. Combined, as many as 52 million Americans could lose or have lost old insurance plans.

Now as it turns out, the McClatchy report was correct and when Rep. Cory Gardner, (R-CO) asked the insurance executives the reasons and if it was because of Obamacare, the executives said yes, it was because of the requirements of Obamacare.

One executive told Gardner, “The law required us to send those cancellations.”

Another executive said, when asked about President Obama’s promise that consumers could keep their plans if they liked them, “That was not true for 100 percent of our customers.”

UnRuh reported that Dr. David Hogberg of the National Center for Public Policy Research told WND, “If you had your plan prior to March 2010 when Obamacare became law, it was supposed to be grandfathered in. You were supposed to keep it, but the Department of Labor came out with these grandfather regulations. It’s almost like telling a guy you can keep walking on the beach as long as you don’t get any sand on your feet. It’s almost impossible not to violate.”

“It was obvious from the start that these regulations were going to result in loads of people losing their health insurance, but the president kept making that promise that if you like your insurance you can keep it, when he should have known better and I kind of suspect that he did know better,” Hogberg said.

Gardner said, “One of the excuses we heard from the supporters of the healthcare law is that the law didn’t do this… didn’t cause the cancellations, and you were the ones who caused the cancellations… planned all of the cancellations. Were the massive cancellations sent last year, the ones the president apologized for… were these because of Obamacare or because of you?”

Each executive answered yes, the cancellations were the result of Obamacare and that the law required the cancellation notices.

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