If You Like Your Healthcare....Well, Sorry, No You CAN'T Keep It
Remember when President Obama said this?
According to Healthcare Payer News that is simply not the case.
More than half of the people who have health insurance coverage through an individual insurance plan are enrolled in plans that won’t meet minimum coverage requirements for plans sold in 2014 as defined by the Affordable Care Act, according to research supported by The Commonwealth Fund.
The study, published in the May issue of Health Affairs sought to quantify the number of individual health plans sold today that fail to an actuarial value of 60 percent, the bare minimum for plans that will be sold at the “bronze” level on the health insurance exchanges starting in 2014.
According to the findings the average actuarial value for all health plans sold on the individual market was 60 percent and among that group 51 percent of the plans provided an actuarial value below 60 percent. These so-called “tin” plans see the insurance companies responsible for less than 60 percent of total healthcare costs, and the individual members responsible for more than 40 percent due to deductibles, co-payments and other out-of-pocket expenses.
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