A new fight is brewing over health insurance companies letting millions of Americans renew their current coverage for another year ”” and thereby avoid changes under the federal healthcare law.
That may offer a short-term benefit for certain consumers and shield some of those individual policyholders from potentially steep rate increases. But critics say this maneuver could undermine government efforts to remake the insurance market next year and keep premiums affordable overall.
At issue is a little-known loophole in President Obama’s landmark legislation that enables health insurers to extend existing policies for nearly all of 2014. This runs contrary to the widespread belief that all health insurance must immediately comply with new federal rules starting Jan. 1, when most provisions of the law take effect.
….”a little-known loop hole….”
What, another one?!! What disastersous legislation this is. It’s so damn scary how little was (is) known, let alone understood, about the full effects of its implementation; not just on our financial health but our health, period.
The negligence by politicians who rushed this into law while barely cracking open the cover on it is criminal.
I an sure that this “loophole” was intentional. And therefore it is not a loophole. I an tired of bargained for provisions in legislation being labeled as loopholes. A loophole is something unintentional, not a deliberately inserted provision.