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Friday, October 25, 2013

CareFirst says 76,000 customers will lose current coverage due to Obamacare -- By Philip Klein, The Washington Examiner

Photo - CareFirst BlueCross BlueShield says it is being forced to cancel plans that currently cover 76,000 individuals in Virginia, Maryland, and Washington, D.C., due to changes made by President Obama's health care law. (Photo: Thinkstock)CareFirst BlueCross BlueShield is being forced to cancel plans that currently cover 76,000 individuals in Virginia, Maryland, and Washington, D.C., due to changes made by President Obama's health care law, the company told the Washington Examiner today.

That represents more than 40 percent of the 177,000 individuals covered by CareFirst in those states.
Though Obama famously promised that those who liked their health care coverage could keep it under his program, in reality, the health care law imposes a raft of new regulations on insurance policies starting Jan. 1 that are forcing insurers across the country to terminate existing plans.

In theory, rules were supposed to allow pre-existing plans to be "grandfathered in," but they were written so narrowly that they leave out many plans.

"Of the 177,000 individuals under age 65 who are covered by CareFirst, about 76,000 of them are in a non-grandfathered plan — a plan that will not comply with the guidelines imposed by the Affordable Care Act at their time of renewal this year or next," CareFirst said in an email in response to an inquiry by the Examiner.

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