The cancellation of health insurance policies for five million Americans who buy coverage in the individual market has sparked a political firestorm. Vulnerable Democrats are scrambling to find a "fix" that would allow them to fulfill their promise that people could keep their policies. This is nothing compared to what will happen next year, when up to 100 million individuals could lose the insurance they receive from their small business employers.
Small businesses who offer their employees insurance were able to renew these policies late this year. This will allow them to offer the policies through 2014. The following year, in 2015, however, these policies will no longer be compliant with the mandated coverage and benefits under ObamaCare. Small businesses will either have to find much more expensive policies that meet the ObamaCare mandates or cancel their policies and direct their employees into the insurance exchanges. READ MORE ->
REBEL!
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- May 31, 2014 4:02 am
