Via American Commitment:
. . . Millions of Americans are being told their plans are “lousy” or “crummy” because they are indeed, in a hyper-literal sense of the word, “substandard.”
Meaning they fail to meet the new standard for so-called Essential Health Benefits required of all plans in the individual and small-group markets when they lose grandfather status. This is the “standard,” in brief [seen above]:
This “standard” excluded nearly every plan in the individual market.
According to HealthPocket: “The data shows that there will be a near complete transformation of the individual and family health insurance market starting in 2014. Less than 2% of the existing health plans in the individual market today provide all the Essential Health Benefits required under the Affordable Care Act (ACA).”
Even the best of the best plans are being canceled in the individual market. Bob Laszewski, a top industry analyst, described his cancelation:
“I have been in this business for 40 years. I know junk health insurance when I see it and I know ‘Cadillac’ health insurance when I see it. Right now I have ‘Cadillac’ health insurance… The new plan would have a deductible $500 higher than the one I now have and a lot more if I go “out-of-network” inside the rest of the Blue Cross national network… And, wait all you people telling me rate shock does not exist, the new far more restricted plan costs 66% more than our current monthly premium.”