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Monday, April 28, 2014

Obamacare hurt these people the most

http://finance.yahoo.com/blogs/the-exchange/here-s-who-obamacare-hurt-the-most-175034164.html

As the dust settles following the tumultuous launch of the Affordable Care Act, many people are benefiting from the law, which, on balance, seems to be accomplishing its goal of providing health insurance for more Americans.
But a significant minority of Americans has ended up worse off under Obamacare, as the law is known, because policies they were happy with got canceled. Most of those people had purchased individual policies that didn’t meet new requirements under the law, so insurers were required to cancel them. People who lost coverage were free to purchase a new policy, but in many cases that was considerably more expensive.

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