This is an
interesting twist in the whole "keep your health insurance plan" skirmish, especially for insurance companies whining about how it just can't be done. About 300,000 cancellation notices have been sent by Florida Blue to customers who would have to switch out of their existing plans to ones that meet Obamacare standards. But after President Obama's announcement yesterday of an administrative fix. Then this happened.
According to the state's insurance commissioner, the insurance company is holding off on the cancellations. It should be noted as well that these cancellations did not mean people were going with or went without coverage. They were being shifted over into Affordable Care Act-compliant (that is, richer and, in some cases, more expensive plans).
Those who've received cancellation notices "will get new ones offering them the option to remain on their existing plan through 2014 if they choose." Which is pretty much what America's Health Insurance Plans' (AHIP) president and CEO Karen Ignagni,
said was an impossible thing to do. Not so impossible after all, apparently.