No, you can’t keep your plan if you like it.
WASHINGTON – New health insurance rules under ObamaCare could lead to a host of personal insurance plans being canceled as early as this fall, a scenario expected to cause consumer confusion.
Under the federal overhaul, those policies that cannot meet new insurance plan standards may be discontinued. This means individuals, and some small businesses, that rely on those plans will have to find new ones.
The goal is to ensure that most insurance policies offer a basic set of coverage, as part of the Obama administration’s plan to cover most of the nation’s 50 million uninsured.
Yet it also seems to run afoul of one of the president’s best-known promises on the law: “If you like your health care plan, you’ll be able to keep your health care plan.”
In fact, state insurance commissioners largely are giving insurers the option of canceling existing plans or changing them to comply with new federal requirements. Large employer plans that cover most workers and their families are unlikely to be affected.