Right Hooks

The Plan: Dump Those Plans

Another wave of cancellations?

Apr. 24, 2014

Another ObamaCare insurance policy casualty may be what’s known as fixed benefit or indemnity insurance. People who hold these policies receive a fixed sum of money when they use health care services, and because they’re not tied to a network, these policyholders can visit any doctor they like. And they’re less expensive than the typical insurance policy. Yet new regulations sprouting from ObamaCare would make these plans illegal because they don’t offer the required benefits of the law. That means – you guessed it – another wave of cancellations of plans that people like. There are hundreds of thousands of people on these policies, and enrollment in them has increased thanks to ObamaCare’s spiking premium costs. The poor will be hardest hit.

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