The Patriot Post® · Insurance Companies Want to Cancel More Plans

The goals of ObamaCare were noble. The Department of Health and Human Services wanted to put “consumers back in charge of their health care” and get more of that money into providing actual health care, not administration costs. But then insurance companies found a loophole in ObamaCare and they started canceling more plans. The Daily Signal reports, “One reason behind the switch is that insurers determined they can make more money selling plans that comply with the Affordable Care Act, often at higher premiums that may be subsidized by the government. ‘They’re getting a lot more revenue, often for the same person,’ said consultant Robert Laszewski, a former insurance executive.” We liked our plans. Now we can’t keep them because of money. More…