It turned out that whole, “If you like your health insurance plan, you can keep it,” comment President Obama said over and over and over again simply wasn’t true and he knew it for years– as early as 2010, according to a new report.
NBC News reported Monday that new regulations in the law were written in July 2010 that changed the “grandfathered in” provision Obama touted in March 2010.
Meaning, the administration has known for three years that upwards of 14 million people would not get to keep their health insurance plan.
Specifically, as NBC reported, “the administration knew that more than 40 to 67 percent of those in the individual market would not be able to keep their plans, even if they liked them.”
According to NBC:
Four sources deeply involved in the Affordable Care Act tell NBC News that 50 to 75 percent of the 14 million consumers who buy their insurance individually can expect to receive a “cancellation” letter or the equivalent over the next year because their existing policies don’t meet the standards mandated by the new health care law. One expert predicts that number could reach as high as 80 percent. And all say that many of those forced to buy pricier new policies will experience “sticker shock.”
None of this should come as a shock to the Obama administration. The law states that policies in effect as of March 23, 2010 will be “grandfathered,” meaning consumers can keep those policies even though they don’t meet requirements of the new health care law. But the Department of Health and Human Services then wrote regulations that narrowed that provision, by saying that if any part of a policy was significantly changed since that date — the deductible, co-pay, or benefits, for example — the policy would not be grandfathered.
Buried in Obamacare regulations from July 2010 is an estimate that because of normal turnover in the individual insurance market, “40 to 67 percent” of customers will not be able to keep their policy. And because many policies will have been changed since the key date, “the percentage of individual market policies losing grandfather status in a given year exceeds the 40 to 67 percent range.”
Yet President Obama, who had promised in 2009, “if you like your health plan, you will be able to keep your health plan,” was still saying in 2012, “If [you] already have health insurance, you will keep your health insurance.”