Obamacare fix for canceled health policies could raise costs: insurers

WASHINGTON Thu Nov 14, 2013 1:23pm EST

Specialists help callers and potential customers find health insurance at a customer contact and call center for HealthSource RI, Rhode Island's health insurance exchange program for the Affordable Care Act or ''ObamaCare,'' in Providence, Rhode Island October 25, 2013. REUTERS/Brian Snyder

Specialists help callers and potential customers find health insurance at a customer contact and call center for HealthSource RI, Rhode Island's health insurance exchange program for the Affordable Care Act or ''ObamaCare,'' in Providence, Rhode Island October 25, 2013.

Credit: Reuters/Brian Snyder

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WASHINGTON (Reuters) - President Barack Obama's fix for canceled health plans could "destabilize" the insurance market and lead to higher costs for consumers without further steps, America's Health Insurance Plans, an industry trade group, said on Thursday.

"Changing the rules after health plans have already met the requirements of the (Obamacare) law could destabilize the market and result in higher premiums," AHIP President Karen Ignagni said in a statement.

"Additional steps must be taken to stabilize the marketplace and mitigate the adverse impact on consumers," she said.

(Reporting by David Morgan; editing by Jackie Frank)

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Comments (73)
UScitizentoo wrote:
The real fix to health care in this country is to eliminate insurers directly. The problem with Obamacare is it doesn’t eliminate the pigs – the insurance industry. Anything other than fully nationalized healhcare for citizens only will continue to suck resources into wallstreet. 1200 per month for family healthcare with a 5 k deductible is a farce/racket and everyone who pays that price knows it.

Nov 14, 2013 2:03pm EST  --  Report as abuse
unionwv wrote:
repeating part of a previous post: “One year reprieve (provided insurance companies agree to re-do their policies – nothing requires them to do that)…”

Now we see they may not!

Nov 14, 2013 2:05pm EST  --  Report as abuse
jimdoogan wrote:
You mean Obama’s “fix” won’t work? Get out of here!

Nov 14, 2013 2:14pm EST  --  Report as abuse
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