Tuesday, September 23, 2014

If you like your plan...Well, too bad, so sad - Part II

Our good friend (and senior research fellow at George Mason University's Mercatus Center) Bob Graboyes continues to build on the work that he and co-blogger Pat P have done on Actuarial Value. In his newest US News & World Report, Bob warns that there's another wave of cancellations looming:

"Insurance coverage for Americans will remain in permanent turmoil because the Affordable Care Act requires all plans to fit within four cookie-cutter designs called "metallic tiers ..
families may have to change plans repeatedly because, as circumstances change, a plan that fits within a tier one year may not fit in any tier a later year."

There's even a helpful video to demonstrate why these plans were doomed from the start:

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