About My Health Careers Internship MedBlogs Contact us
Medindia LOGIN REGISTER
Advertisement

Millions of Americans Getting Health Insurance Cancelled to Change Over to Affordable Care Act

by Vanessa Jones on October 30, 2013 at 11:07 PM
Font : A-A+

 Millions of Americans Getting Health Insurance Cancelled to Change Over to Affordable Care Act

Millions of Americans will receive correspondence cancelling their health insurance in favor of insurance from the Affordable Care Act. Their policies presently do not meet the standards of the new law and the Obama administration has been aware of this for the past 3 years.

More than half of the 14 million Consumers who buy health insurance individually will be forced to buy a new policy as their current policies don't meet the principles of the new health law, according to a report by NBC.

Advertisement

They will be paying a higher price for the new policy. Earlier the administration had specified that policies taken as early as March 23, 2010 could be kept on even if they did not meet the requirements of the new law. Later the same law specified certain changes and so the policies would have to be changed.

The administration knew that 67% clients on the individual market may need to cancel their policies, though; President Obama had stated in 2012, "If (you) already have health insurance, you will keep your health insurance."
Advertisement

According to The White House the people with cancelled policies would be moved to plans with better protections. "Nothing in the Affordable Care Act forces people out of their health plans," White House spokeswoman Jessica Santillo told the news organization.

References: Hannah Punitha (IRDA Licence Number: 2710062)

Source: Medindia
Advertisement

Advertisement
News A-Z
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
News Category
What's New on Medindia
Printed Temperature Sensors help with Continuous Temperature Monitoring
Health Benefits of Giloy
Breast Cancer Awareness Month 2021 - It's time to RISE
View all

Medindia Newsletters Subscribe to our Free Newsletters!
Terms & Conditions and Privacy Policy.

More News on:
Health Insurance Plan Third Party Administrators for Health Insurance Star Health and Allied Insurance Health Insurance Policies offered by Bajaj Allianz Insurance ICICI Lombard General Insurance Company Limited Health Insurance Health Insurance - Ombudsman Health Insurance - Basics New India Assurance Policies Cholamandalam Health Insurance Policies 

Recommended Reading
An Update on UK Health Insurance
Choices are plenty so spend time researching various policies before committing yourself....
Apollo Munich Health Insurance Company Limited
Apollo Munich Health Insurance Co. Ltd is a joint venture of Apollo Hospitals Group, Munich Health. ...
Bajaj Allianz Senior Citizens Health Insurance
Bajaj Allianz Insurance Company offers Silver Health policy that allows the maximum insurance of ......
Critical Care Insurance
A critical illness policy is exactly what it says - it is used for when you are critically ill and ....
Cholamandalam Health Insurance Policies
Cholamandalam MS General Insurance Company (Chola MS) a joint venture of Murugappa Group & Mitsui Su...
Health Insurance - Basics
Health insurance guarantees payments to a person in the event of sickness or injury.and works as pr...
Health Insurance - Ombudsman
Insurance Ombudsman institutions work for the purpose of quick disposal of the grievances of the ins...
Health Insurance Plan
With a health insurance policy you and your family can rest assured!...
Health Insurance Policies offered by Bajaj Allianz Insurance
Bajaj allianz health insurance policies protect you and your family in case you need expensive medic...
ICICI Lombard General Insurance Company Limited
Major health care plans from the ICICI Lombard include complete health insurance ihealth plan, perso...
New India Assurance Policies
The existing Mediclaim and Health Plus Medical expenses policies have been discontinued and Mediclai...
Star Health and Allied Insurance
Star Health & Allied Insurance offers a convenient insurance for the corporate people when they tra...
Third Party Administrators for Health Insurance
TPA is an IRDA approved healthcare service provider. TPA processes claims for policy holders on beha...

Disclaimer - All information and content on this site are for information and educational purposes only. The information should not be used for either diagnosis or treatment or both for any health related problem or disease. Always seek the advice of a qualified physician for medical diagnosis and treatment. Full Disclaimer

© All Rights Reserved 1997 - 2021

This site uses cookies to deliver our services. By using our site, you acknowledge that you have read and understand our Cookie Policy, Privacy Policy, and our Terms of Use