Tuesday, July 06, 2010

Obama: "You Can Keep Your Insurance...NOT!"

Aetna insurance co. sent a out a letter, which included the following excerpts: "We are changing our health benefits plan designs to comply with new federal laws...This will affect you because your employer currently offers one or more of the benefits plan designs we will no longer be offering. We will offer new plan designs to replace the old ones. Your employer may buy any plan design that we still offer, and we will tell your employer which plan design is most like your current Aetna plan."

The President said that we would be able to keep our current insurance plans. This was widely suspected to be untrue, and now I can personally confirm it. Now, we'll have to see if the new plans are better, or if many employers choose to buy one of the new plans. Here's the rub: While Aetna is forced to change the plans they offer, small businesses have no obligation to offer health insurance at all. Right now, the critics of Obamacare have been proven correct, on at least one point. Will millions of small business employees lose their insurance? We'll see, but the signs aren't encouraging. I'll follow up on this, as I get more first-hand information.

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