…. and when the bough breaks…

CBS’s front man, Scott Pelley, was visibly distraught and filled with tremendous anxiety as he seemed forced to report on the reality – Millions of Americans are losing their healthcare insurance coverage.

Indeed, it  well appears the media are being dragged to report on the reality lest they see themselves completely disconnected, and wallow amid embarrassment.
All of this comes amid a new Weekly Standard report  and Forbes report which outline the sheer magnitude of the cancellation notices now reaching homes coast to coast.

The U.S. individual health insurance market currently totals about 19 million people. Because the Obama administration’s regulations on grandfathering existing plans were so stringent about 85% of those, 16 million, are not grandfathered and must comply with Obamacare at their next renewal.

The rules are very complex. For example, if you had an individual plan in March of 2010 when the law was passed and you only increased the deductible from $1,000 to $1,500 in the years since, your plan has lost its grandfather status and it will no longer be available to you when it would have renewed in 2014.

These 16 million people are now receiving letters from their carriers saying they are losing their current coverage and must re-enroll in order to avoid a break in coverage and comply with the new health law’s benefit mandates––the vast majority by January 1. Most of these will be seeing some pretty big rate increases.  (link)

Townhall.com outlines even more about the incredible size of the bait and switch broken promise from President Obama:

CBO has estimated that the number of people dislodged from their pre-Obamacare arrangements could reach 20 million, while other independent analyses have concluded that the eventual figure may be significantly higher. The low-ball estimates of 16-20 million would be the equivalent of the entire population of Florida losing coverage.  CareFirst is the latest insurer to break the bad news to its customers:

CareFirst BlueCross BlueShield is being forced to cancel plans that currently cover 76,000 individuals in Virginia, Maryland, and Washington, D.C., due to changes made by President Obama’s health care law, the company told the Washington Examiner today. That represents more than 40 percent of the 177,000 individuals covered by CareFirst in those states. Though Obama famously promised that those who liked their health care coverage could keep it under his program, in reality, the health care law imposes a raft of new regulations on insurance policies starting Jan. 1 that are forcing insurers across the country to terminate existing plans.  (link)

Forbes weighs in by sharing that more Americans have lost their health insurance coverage in just 3 states than have successfully enrolled in Obamacare in all 50.

This week the reality of the ObamaCare roll-out appeared in a set of news stories that serve as an ironic juxtaposition. Over 500,000 individuals have seen their insurance policies cancelled in just 3 states.  In all 50 states, only 476,000 applications have been “filed” in an exchange. (Even though we are still learning the true definition of “filed.”)   (link)

Later in that same Forbes article they predict the number of Americans who will lose their current healthcare insurance policy could reach well into the tens of millions.