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Obama Admin. knew millions could not keep their health insurance

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MD:
Boom baby


--- Quote ---"President Obama repeatedly assured Americans that after the Affordable Care Act became law, people who liked their health insurance would be able to keep it. But millions of Americans are getting or are about to get cancellation letters for their health insurance under Obamacare, say experts, and the Obama administration has known that for at least three years.
Four sources deeply involved in the Affordable Care Act tell NBC NEWS that 50 to 75 percent of the 14 million consumers who buy their insurance individually can expect to receive a “cancellation” letter or the equivalent over the next year because their existing policies don’t meet the standards mandated by the new health care law. One expert predicts that number could reach as high as 80 percent. And all say that many of those forced to buy pricier new policies will experience “sticker shock.”  
None of this should come as a shock to the Obama administration. The law states that policies in effect as of March 23, 2010 will be “grandfathered,” meaning consumers can keep those policies even though they don’t meet requirements of the new health care law. But the Department of Health and Human Services then wrote regulations that narrowed that provision, by saying that if any part of a policy was significantly changed since that date -- the deductible, co-pay, or benefits, for example -- the policy would not be grandfathered.
 

Buried in Obamacare regulations from July 2010 is an estimate that because of normal turnover in the individual insurance market, “40 to 67 percent” of customers will not be able to keep their policy. And because many policies will have been changed since the key date, “the percentage of individual market policies losing grandfather status in a given year exceeds the 40 to 67 percent range.”  
--- End quote ---



http://investigations.nbcnews.com/_news/2013/10/28/21213547-obama-admin-knew-millions-could-not-keep-their-health-insurance?lite

Is anyone else not shocked at all by this?  I mean, we've known all along that this would happen so its no real surprise he did as well.  Its also no surprise that he lied so boldly just to get his little pet passed.  

This disaster really is becoming simply impressive.  I knew it would fail, but this really is putting the F in Fail.

Ptarmigan:
Hey libtards,
:ownit:
:bird:

Freeper:
I'm shocked that president Pinocchio lied.

miskie:
Obviously, the Rethuglikkans and GW Bush are responsible.

FlaGator:
Watching Megan Kelly talk about this right now. She has emails going back to 2010 showing the administration knew that millions of people would not be able to keep their insurance and doctors. She is also showing clips of Obama, as late as 2012, telling people that they would be able to keep their policies "period".

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