When it comes to the rules of Health Care Reform, please don’t listen to politicians. After the “You can keep your plan” promise 4 years ago, The President recently tried that line on for size in November. Again, it fell flat on its face because, well, its 4 years too late and the legislation prohibits it. The President does not actually have any authority in these matters, as all insurance is State-Supervised, and the insurance commissioners won’t support it at this late date. – Reeve
Obama Administration Considering Extending Policy Cancellation “Fix” For Three Years.
The AP (2/7, Murphy) was the first to report Thursday that the Obama Administration “is considering an extension of the president’s decision to let people keep their individual insurance policies” through 2014, “even if they are not compliant” with the Affordable Care Act. Avalere Health CEO Dan Mendelson hinted the extension may be “as long as an additional three years,” saying, “The administration is entertaining a range of options to ensure that this individual market has stability to it, and that would be one thing that they could do.” Confirming that “the issue is under discussion,” HHS spokeswoman Joanne Peters said, “We are continuing to examine all sorts of ways to provide consumers with more choices and to smooth the transition as we implement the law. No decisions have been made.”
Bloomberg News (2/7, Wayne) reports that Aetna CEO Mark Bertolini made a similar statement in a conference call with investors and analysts Thursday, saying, “We don’t know what will happen with keep-what-you-have. There’s some talk out there to have keep-what-you-have continue for three more years.”
On its website, FOX News (2/7) notes this potential move comes after “individual policyholders were hit with a wave of cancellation notices last year because their coverage was less robust than what is required under the law.” Thursday evening, Lou Dobbs reported on the speculation on Fox Business’ Lou Dobbs Tonight (2/6).