- Fri Nov 22, 2013 8:33 am
#32690
Many people have approached insurance companies to get their old plans back that were cancelled but are being told doing so would violate the ACA which still says it's against the law for an insurance company to issue their old plans.
One insurance CEO says just because Obama gave a speech doesn't give them the right to violate the law, plus if they were to write a low cost policy that didn't cover everything they would be sued the first time they tried denying something not covered in the policy since the law says they have to cover it. The insurance company couldn't say "I don't care what the law says, Obama said in a speech we can write those type of policies"
So when is Obama going to keep his second promise they can get their policies back by changing the law?
One insurance CEO says just because Obama gave a speech doesn't give them the right to violate the law, plus if they were to write a low cost policy that didn't cover everything they would be sued the first time they tried denying something not covered in the policy since the law says they have to cover it. The insurance company couldn't say "I don't care what the law says, Obama said in a speech we can write those type of policies"
So when is Obama going to keep his second promise they can get their policies back by changing the law?
