“This is a temporary situation,” said Leila Saadat, the health plan’s chief strategy officer. “We are very confident that we will be able to offer our product on the exchange before the open enrollment period ends” March 31. For now, the company’s exit leaves Covered California with 11 health insurers overall and only three in Alameda County. In August, Ventura County Health Care Plan dropped out of the exchange. Peter Lee, executive director of Covered California, said he remains optimistic Alameda Alliance can rejoin the state marketplace at a later date. “We look forward to the company getting its commercial license so we can welcome its plans back to the exchange,” Lee said. It’s important for the exchange to have enough competition among major insurers and smaller, local plans to hold down rates and to give consumers ample choices, state officials have said.
For consumers whose health premiums will go up under new law, sticker shock leads to anger
The president also acknowledged that technical problems with the health care website to shop for insurance are making it tougher for people to find other plans. He said he’s “not happy about it,” but promised, “We’re going to smooth this thing out.” At least 3.5 million Americans have been issued cancellations, but the exact number is unclear, The Associated Press reported.In a speech at Boston’s Faneuil Hall this past week, Obama said the problem is limited to fewer than 5 percent of Americans “who’ve got cut-rate plans that don’t offer real financial protection in the event of a serious illness or an accident.” In the Republican-controlled House, officials say a vote is likely as early as next week on a bill to let insurers continue selling any individual policies that were in effect on Jan. 1, 2013, even if they provide coverage deemed insufficient under Obamacare. The measure, drafted by Rep. Fred Upton, R-Mich., and backed by roughly 100 fellow Republicans, would remain in effect throughout 2014, after which the issue would presumably be reviewed.
There are definitely winners and losers, said Sabrina Corlette, a senior research fellow at Georgetown Universitys Center on Health Insurance Reforms. The problem is that even if the majority are winners. . .