Question: Can he DO that? Just arbitrarily change the law? I understand hes trying to do the right thing here, but is this the process for changing a law? From the article - Health insurance companies expressed concern about Obamas proposal. Changing the rules after health plans have already met the requirements of the law could destabilize the market and result in higher premiums for consumers, Karen Ignagni, CEO of Americas Health Insurance Plans, said in a statement. Premiums have already been set for next year based on an assumption of when consumers will be transitioning to the new marketplace. If now fewer younger and healthier people choose to purchase coverage in the exchange, premiums will increase and there will be fewer choices for consumers. Additional steps must be taken to stabilize the marketplace and mitigate the adverse impact on consumers. One fear is that if too many people are allowed to keep their older, cheap policies, they won’t join the pool of people buying on the exchanges – and that’ll drive up prices next year for everyone else. The more healthy people are in the pool buying policies, the more they offset the sicker people, and the less insurance companies can charge everyone. White House officials said they’ll watch and see what happens in the next year, and tweak as necessary. Price is the main concern of most Americans when it comes to buying insurance, and the administration is keen to be able to say Obamacare is keeping prices low.
Posted on: Thu, 14 Nov 2013 20:22:02 +0000
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