Obama Knew Most Americans Would Not Be Able To Keep Their Existing Insurance Under Obamacare As Early As 2010
by Tyler Durden
The news keeps going from worse to worse-er for the administration and Obamacare. The latest hit, however, does not revolve around the dysfunctional healthcare.gov website, whose hundreds of millions of lines of faulty code will take a very long time to fix, but relates to Obama’s promises that individuals would be able to keep their existing healthcare plans following the rollout of the Affordable Care Act. The truth, as NBC reports, is they can’t but what’s worse is that Obama knew as early as July 2010 that 40 to 67 percent of customers will not be able to keep their policy. And that’s not all: since the 14 millions consumers who buy their insurance individually will be forced into comparable plans, they are all set to experience a “sticker shock” when “opting” for the mandatory alternatives.