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Old October 31st, 2013, 11:39 AM   #40
amc78cj7
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Obama blames 'bad apple' insurers for dropped coverageby Reuters, October 31, 2013

http://www.cnbc.com/id/101159010?__s...bad%20apple%27

President Barack Obama says "bad apple" insurance companies, not his signature health care law, are to blame for hundreds of thousands of people losing their coverage in the past few weeks.

As administration officials scrambled to fix technical problems on an online insurance marketplace that is central to the success of the Affordable Care Act, Obama blamed private insurers for a separate problem that has critics questioning his honesty.

The president has repeatedly promised that people who are happy with their health plans would not have to change coverage because of Obamacare.

But the termination of individual policies has given his Republican opponents additional ammunition to criticize the program they have tried to stop since its inception in Obama's first term.

Republicans' assertion that Obama had broken a major promise to the electorate is potentially more damaging than the glitch-ridden website rollout on Oct. 1.

Obama's approval rating hit a new low in a NBC News/Wall Street Journal poll issued on Wednesday, a result the pollsters attributed to multiple setbacks including the Obamacare problems.


Obamacare’s Unintended Losers
By Bernice Napach, October 31, 2013

http://finance.yahoo.com/blogs/daily...152316725.html

Obamacare is meant to provide health coverage to the millions of Americans who don't have it, but the cruel irony is that millions of other Americans may lose their current health insurance as a result.

These "losers" are primarily people who buy their own health insurance rather than have it provided by an employer. Many now find their plans will be canceled because they fail to meet the minimum coverage requirements under Obamacare. These plans offer "bare bones insurance...usually catastrophic care...and beginning Jan. 1 insurance companies will not be allowed to offer these very plans," says Rick Newman, Yahoo Finance columnist.

"Obama did not tell us this was coming," adds Newman, "and now the White House is saying it's only 5% of the U.S. population. But it's 15 million people we're talking about here."

No one knows for sure exactly how many of those 15 million will actually lose their current insurance coverage. NPR reports that some insurers are canceling 20% of individual plans; others are canceling 80% of them.







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