Tuesday, November 5, 2013

insurance co's are issuing cancellation letters but not saying you can get cheaper insurance in the exchanges.

story here http://www.thomhartmann.com/blog/2013/11/so-about-those-cancellation-letters#sthash.SpZbt4rT.dpuf

"A special report by Talking Points Memo found specific examples of insurance companies contacting people before the October 1st start date, and trying to lock them in to higher priced plans than they could find on an exchange.   The companies warned customers that their plans were being canceled and offered them new, higher-priced plans, but made no mention of healthcare exchanges, or subsidies that people could qualify for under Obamacare.  One of the women interviewed by TPM would have had to pay more than $1,000 a month for the new plan offered by her insurance company, and it offered bare minimum coverage with a $6,300 deductible.  After logging on to her state's insurance exchange, the Seattle resident found a plan for $80 dollars a month with a $250 dollar deductible.  "

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