Comment Re:Please describe exactly (Score 1) 392
What? Obama's new wonder-plan is what TOOK AWAY our low deductible plan and forced us, for more money, to buy one that will cost us thousands more each year in premiums, and ten thousand more a year in deductibles.
Here's a decent article
http://www.washingtonpost.com/blogs/wonkblog/wp/2013/10/29/this-is-why-obamacare-is-cancelling-some-peoples-insurance-plans/
The health law allowed plans that existed back in March 2010, when it became a law, to keep selling coverage. These are known as "grandfathered plans:" They don't meet the health law's requirements, but as long as they don't change much, insurers can keep offering them.
Insurance companies typically do like to change their insurance plans, making changes to cost-sharing or the benefits they offer. That means that grandfathered plans have disappeared. [...]
These cancellations are, essentially, a lot of grandfathered plans exiting the insurance marketplace. From an insurance company's vantage point, grandfathered plans are a bit of a dead end: They can't enroll new subscribers and are really constrained in their ability to tweak the benefit package or cost-sharing structure. There's not a whole lot of business sense, for a managed care company, in maintaining a health plan that doesn't meet the health law's new requirements.
The law took away your plan, only so far as your insurance company decided to get rid of it.