Fewer Choices for Health Care Shoppers
Despite recent White House claims that “Yes, You Can Keep Your Health Plan,” ObamaCare has caused one insurance company to terminate all its policies and two others to leave the individual market.
nHealth in Richmond, Virginia, which sells HSA/high deductible to employers, will not sell any new HSA plans after June 1, 2010, and will terminate all its customers by December 31, 2010, because it cannot survive ObamaCare’s mandates and regulations.
Steamline Timberworks of Richmond, Virginia, saved more than $50,000—28 percent of its health care bill—by switching to nHealth’s health insurance. Because of ObamaCare, this company will lose its current health insurance plan, and its employees will have to switch insurance carriers and may lose access to their current doctors.
Also, American National Insurance Company announced that two subsidiaries—American National Life Insurance Company of Texas and Standard Life and Accident Insurance Company—won’t sell health insurance to people in the individual market after June 30, 2010, because of ObamaCare.
For previous ObamaCare Flatlines, go to http://www.gop.gov/obamacare.