News

Report crunches numbers behind cancelled policies

Written by Matt Paul, Reporter/Producer | Nov 25, 2013 3:18 AM
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(Washington, D.C.) -- A new state-by-state report is downplaying concerns about cancelled insurance policies under the Affordable Care Act.

Families USA Executive Director Ron Pollack acknowledges it's a serious concern to those receiving such notices.

"But I believe that this concern has been blown significantly out of perspective in terms of the totality and the context of the Affordable Care Act," he adds.

For Pennsylvania, the group's math starts with 678,000 consumers buying individual health insurance policies. Based on income, it says 73 percent of them should be eligible for financial assistance under the ACA.

"The overwhelming majority of people with private, individual health insurance today will soon be able to receive better coverage and pay lower premiums, due to the Affordable Care Act," he says. "As a result, their improved health coverage will become much more affordable."

After Families USA factors in the two-thirds of consumers who don't keep their individual plans for more than a year, it says 0.6 percent of non-elderly Pennsylvanians are at risk of being adversely affected by canceled policies.

Pollack calls it a tiny fraction of the people who will benefit by new protections and expanded access to coverage.

Governor Corbett says more than 250,000 Pennsylvanians have had their insurance policies cancelled, due to the Affordable Care Act, since October first.

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