President Obama’s signature legislation, the Affordable Care Act, was sold to the American people (well, the low information class of Americans) with the promise that “If you like your health insurance you can keep it.” It sounded like this…
That mantra was repeated over and over from 2008 to 2010. It was a campaign promise, right up there with “we’re going to bankrupt the coal industry” and “electricity bills have to skyrocket”. Of course nobody in the major media paid any attention to the last two, but the first one took on the aura of Jesus Himself showing up to preach the Sunday sermon at your local church.
Well, it turns out that like almost everything the President says, it had an expiration date. NBC turned up this little gem.
President Obama repeatedly assured Americans that after the Affordable Care Act became law, people who liked their health insurance would be able to keep it. But millions of Americans are getting or are about to get cancellation letters for their health insurance under Obamacare, say experts, and the Obama administration has known that for at least three years.
Let’s see, that would place the knowledge that millions – millions – of people would lose the health coverage they liked so a small percentage of the population could get coverage paid for by you and me, at around the time the Affordable Care Act was passed using parliamentary maneuvers by Senate and House Democrats. All of the Senate and House Democrats, without a single Republican vote.
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.”
So instead of keeping the health insurance and doctor they like, some 11 million people will see their insurance plan change – for most of them the change will be radical – and their premiums will skyrocket.
I’m now waiting for the NBC White House reporters to ask President Obama when he knew about this and why he didn’t correct the record. I’m not holding my breath.
If you have a story about your coverage being canceled and your premiums skyrocketing – like the President promised your electric bill would – you can post it at Skyrocketing Premiums, it’s easy to do just follow the link.