If you like your coverage in Minnesota you can’t keep it. Two of the major health insurance companies in the state have stopped selling individual policies effective immediately. Why? Obamacare.
The problem is that the carriers can’t get approval of their policies from the local insurance department. The local department of insurance is waiting to hear from the federal government for clarification on many of the mandates included in Obamacare. So instead of being put in a position that may expose them to millions of dollars in additional claims, these insurers have decided to simply stop selling policies to those that need them most, individuals and families. This is exactly what happened throughout the country yesterday, every major health insurance company ending the sale of child-only policies.
Worse yet, about three million seniors will be given notice in the next few days that their Part D prescription drug plans are being discontinued, forcing them into more expensive policies, all thanks to Obamacare rules.
If you are not a senior, Here, a child, or a family looking for a medical insurance policy, don’t feel left out. Obamacare has a 3.8% tax tucked into the, “we have to pass the law to see what’s in it,” monstrosity for homeowners. Sell your place, pay another tax, Obamacare is the gift that keeps on giving.
Michael Higgins
602.405.8769