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Eddie, if you would bother to read the Affordable Care Act . . . . you would find that it states that policies held when the act was passed would be grandfathered. They were. BUT, the insurance companies themselves cancelled them, not the ACA, and blamed the cancellation on the act.
Posted by TxGrandpa2
Not EXACTLY right. . . .
The law gave states setting up their own exchanges the power to enter into contract with the insurers offering plans on the exchange. This plus the minimum standards of policies, opened the door for these state health insurance exchange commissions to require cancellation of some of these policies in the best interest of getting these people into their state exchange.
"Defying President Obama, the board of directors for the state's new health insurance exchange, Covered California, voted unanimously Thursday not to allow the 11 insurers that are selling plans on the exchange to revive their canceled policies.
. . . . the 2010, PPACA created minimum standards for insurance policies (exempting those that predated the act) to do two good things: eliminate policies that left their owners vulnerable to bankruptcy if they suffered a major illness or injury, and spread risks and costs broadly across the market for individual coverage.
. . . . in California, where the exchange's contracts with insurers required them to stop offering noncompliant coverage at the end of this year.