.
Insurance companies "have spent years planning for
2014 on the assumption that substandard insurance plans would be
terminated."
11/20/13,
"Governor declines to resurrect canceled health insurance policies in New York," medcitynews.com, Stephen T. Watson
Insurers here had been waiting for instructions on how to proceed
since Thursday, when the president responded to heavy criticism by
agreeing to let insurance companies offer the plans, deemed substandard
under the Affordable Care Act, to members who wanted to keep them in
2014. Insurance companies here got their answer Monday and are happily
proceeding with the state's status-quo policy, which Cuomo and industry
officials argue is working far better than the widely panned federal
insurance exchange.
"You know, we haven't had the kind of issues in New York on our
exchange that they've had nationwide. Our program has actually been
working well. The website has been working well. And we've had,
actually, very good success with our program. So we don't see any reason
to change it now, because we're not having those types of issues,
"
Cuomo said in response to a question at a news conference Monday on
Staten Island. The announcement affects more than 137,000 people in
Western New York who received cancellation notices for their plans,
which in some cases are cheaper than the new insurance policies now
being sold on the state insurance exchange.
However, industry officials said they have spent years planning for
2014 on the assumption that substandard insurance plans would be
terminated, and they argued that resurrecting the plans at this late
date would create logistical problems and foment consumer confusion."...via Free Rep.
===========================
Comment: Insurance companies knew many policies would be cancelled. It wasn't a secret. It was the whole idea. It remains the whole idea. (Added: The unpleasant white patches behind this post were placed there by google hackers.)
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