Wednesday, July 3, 2013

58,000 More People To Lose Insurance Under ObamaCare

If you like your health insurance, you can keep your health insurance, unless you're one of the 58,000 estimated Californians who are about to lose it as a result of ObamaCare.

 

(Daily Caller) The nation’s largest health insurance company has decided to stop covering individuals in the nation’s largest state.

United Health Group Inc. said that it will not participate in California’s individual health insurance market beginning Jan. 1, 2014, when Obamacare regulations will take effect, according to the Los Angeles Times.

Last month, insurance giant Aetna also announced that it will no longer cover individual Californians. Together, the companies’ decision to stop providing individual coverage will affect 58,000 existing customers in California.

The move is a result of new Affordable Care Act requirements for insurance companies to accept all applicants for individual coverage, including those with preexisting conditions. The law also requires insurers provide a bevy of new benefits for their customers.

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Posted By: Chris Carmouche