Obama Administration Announces Another Obamacare Exemption; Insurance Industry Warns of 'Tremendous Instability'
Well here we go again. Another lawless move by a lawless administration.
The Obama administration, in an 11th-hour change just before the holiday break,announced a major exemption in ObamaCare that will let people who lost coverage and are struggling to get a new plan sign up for bare-bones policies.
The move Thursday to allow potentially hundreds of thousands of people to sign up for "catastrophic" coverage plans was blasted by the insurance industry as a shift that would cause "tremendous instability.”
The administration downplayed the sudden change, saying they expected it to impact fewer than 500,000 people.
Yeah, well, they lie.
An insurance industry official, speaking not for attribution, told Fox that while the administration was playing down the significance of the move, it could turn out to be a troublesome last minute change and the industry fears far more than the 500,000 people will apply.
Another industry official, Robert Zirkelbach AHIP Spokesman Vice President, Strategic Communications, said, “This type of last-minute change will cause tremendous instability in the marketplace and lead to further confusion and disruption for consumers."
To date, roughly 5 million Americans have seen their plans canceled due to Obamacare mandates. This move is supposed to help them. So the 500,000 number is already suspect. It's about 10% of the number who have lost their insurance thanks to this administration. These people have, what, about 10 days or so to get signed up? That means the insurance industry has that same amount of time to draw up the plans.
This isn't going to work. Unless the aim is to continue to weaken the insurance industry.