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| Obama with Officials |
Medical Healthcare insurance is backbone of US. From past decades we have seen lots of changes in Healthcare Laws and many Healthcare Reforms were made in order to maintain sustainability of Healthcare Insurance. After becoming President of United States US President Barack Obama kept his focus towards growth of country. Obama introduces Obama-care for US people as Healthcare reform.
But insurance provider from the time Obama-care was introduced were against that and they kept saying that the these changes would disrupt coverage and increase premium for consumers.
Many insurance industry officials and state insurance commissioners expressed their frustration on Friday by saying that they were confused by President Barack Obama's assertion that the cancellation of millions of insurance policies occurred because a key provision of the Affordable Care Act didn't work as expected.
Many of don't know but there is widespread cancellation of policies in individual health insurance market roughly 5 million and counting. This is not only for Individual Medical Healthcare insurance policies cancellation but cancellations are occurring in the small group market also which covers businesses with between two and 50 employees.Medical Healthcare Insurance
Health Insurance Provides were saying this for years that the requirements in the law were going to mean that people couldn't keep their plans and they were going to have to purchase coverage that was more expensive. And now everything said is coming true and people are acting as surprised.
The President is now accepting responsibility for Obama-care's dramatic roll down at new Conference. He repeated his pledge that " If you like your insurance, you can keep it."
Questions raised why he continued to say that when estimates from his own administration suggested millions of Americans would not be able to keep their insurance. For this Obama replied "There is no doubt that the way I put that forward unequivocally ended up not being accurate. It was because of my intention not to deliver on that commitment and that promise. We put a Grandfather clause into the law but it was insufficient.
So Mr. President proposed a solution that he directed to Healthcare insurance providers to keep on selling plans that don't comply with Obama-care for one more year.
This said Medical Healthcare Insurance Commissioners from California, Florida , Kentucky and North Carolina said they would move quickly to implement the President;s request. Many Healthcare Insurance Providers officials suggested this move is too late in the game to change the rules.
I don't know how successful will be Mr. President but I am sure after this failure he is going to learn new lesson for betterment's of People.
